7 sentences with “tariffs”
Short, simple sentences with “tariffs”, suitable for school kids, with common collocations and related words.
Brief definition: tariffs
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To break with the old colonial system, Hamilton advocated imposing tariffs on all foreign imports to encourage the production of American-made goods.
Congress also passed tariffs in 1816 and 1824. Clay led the initiative for the federal government to impose high tariffs to help boost domestic manufacturing.
Secretary of State Clay championed what was known as the American System of high tariffs, a national bank, and federally sponsored internal canal and road improvements.
There was also the fact that the extension of low tariffs from Piedmont to the economically backward regions often completely wiped out the few local industries that existed.
Charles imposed taxes and tariffs that were not approved by parliament, which was technically illegal, and then forced wealthy subjects to lend to the crown at very low interest rates.
In the early 1830s, the battle over tariffs took on greater urgency as the price of cotton continued to fall. In 1818, cotton cost 31 cents per pound. By 1831, it had plunged to eight cents a pound.
His targets were monopolies and protectionist taxes and tariffs that limited trade between nations; Adam Smith argued that if states abandoned such burdensome practices, the market itself would increase wealth as if the general prosperity of the nation were raised by an "invisible hand".
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