“Even though 99 per cent of the high-end watches in the China market are imported, the tax authorities can only collect the watch tariff and value-added tax, he said.”

“I was told categorically that premium rate calls can be charged at whatever tariff the market will stand!”

“Many governments put tariffs on the import of goods, whether stated as an import duty or a sales tax only on imported goods.”

“In any event, the whole episode has given rise to the same mercantilist arguments that have always been used to justify tariffs.”

“As tariffs fell, the focus shifted to eliminating import quotas, which distort market behavior and the allocation of resources.”