21. Some also hope that reciprocal tariff cuts by the United States will reduce import prices and help their bottom line. 22. Tariff cuts have given a particular boost to sales of luxury auto marques, as well as electronic goods, PCs, and household goods. 23. Tariff cuts will continue to cut into revenue, although international business and new services should continue to grow, Bon said. 24. Tariff cuts could help automakers like General Motors Corp., which have hastened to establish joint ventures to build cars and car parts in China. 25. The actual value of those tariff cuts is open to question. 26. That, plus a continuing wrangle between Clinton and congressional Republicans, likely will complicate passage of the tariff cuts. 27. The APEC leaders promise to accelerate tariff cuts in nine industries, a move they claim underscores a commitment to push for open markets. 28. The automobile industry is likely to be exempted from the tariff cuts under the infant industry argument, Pinkel said. 29. The government has not yet specified which products will be affected by the tariff cuts. 30. The work force could quickly double as a result of tariff cuts. |