TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

SNAPBACK TARIFF [1 record]

Record 1 2019-07-31

English

Subject field(s)
  • Customs and Excise
  • Foreign Trade
  • International Relations
DEF

An increased tariff imposed by an importing country on an exporting country, the total of which is determined by a provision or clause in a trade agreement which permits the importing country to temporarily rescind a tariff concession in the event of an import surge.

CONT

Recently, Japan has negotiated some free trade agreements — there's one with Australia, with Chile and with Mexico — and a fair amount of the increase has come from those countries, but they're exempt from this snapback tariff because of the bilateral agreements they have with Japan ...

Key term(s)
  • snap back tariff

French

Domaine(s)
  • Douanes et accise
  • Commerce extérieur
  • Relations internationales

Spanish

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