Home > Terms > English, UK (UE) > Retaliation

Retaliation

1. The use of an increased trade barrier in response to another country increasing its trade barrier, either as a way of undoing the adverse effects of the latter's action or of punishing it. 2. The formal procedure permitted under the GATT whereby a country may raise discriminatory tariffs above bound levels against a GATT member that has violated GATT rules and not provided compensation.

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retaliate, is repay evil with a similar evil, is pay back, take revenge in a similar way.

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