To lure buyers, the government says it would be willing temporarily to raise tariffs on imported cars.
So unlike its peers, China could not raise tariffs much even if it wanted to (see chart).
On the import side, Argentina cannot raise tariffs on its own because it belongs to the Mercosur customs union.
On September 4th Brazil said it would raise tariffs on 100 products.
China Daily and People's Daily report Beijing's condemnation of the US decision to raise tariffs on solar cells imported from China.
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It starts with allowing public utilities to raise their tariffs (many have been frozen since 2002).
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To catch up, it is having to raise water tariffs above English levels.
Tariffs raise our cost of living while subsidizing the least efficient at the expense of the most, and they also retard our natural economic evolution for depriving us of ideas.
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For a start, the government insists that tariffs were increased to raise revenue, not to protect Indian business.
One of Mr Cavallo's first measures was to abolish tariffs on imported capital goods and raise them on consumer goods.
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If they were to raise them again, other countries could demand compensation at the World Trade Organisation or retaliate with higher tariffs of their own.
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