Talk:Snapback
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[edit]A snapback is the reimposition of an earlier and usually higher tariff. Various indicators (price movements, quantity movements) have been used as triggers for snapbacks. Rules governing the use of snapbacks are usually spelled out in trade agreements.
References
[edit]- Adapted from CRS Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition - Order Code 97-905, a document in the public domain.