peril point

American  

noun

1. the lower limit of a tariff on a commodity at which import of that commodity would have a seriously adverse effect on the local producers.

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Etymology

Origin of peril point

First recorded in 1945–50

Example Sentences

See Examples For:

peril point

To support his proposed new tariff-cutting powers, the President will urgently ask Congress to make drastic changes in the so-called "peril point" and "escape clause" provisions of the present U.S. trade law.

From Time Magazine Archive

"In some plants we were reaching the peril point."

From Time Magazine Archive

The present state of our defenses is too close to peril point," Nixon charged in a radio speech, "and our future prospects are in some respects downright alarming.

From Time Magazine Archive

The peril-point procedure, they said, would induce caution verging on stagnation in the Tariff Commission; how could anybody safely predict a peril point for years in the future?

From Time Magazine Archive

It is none too soon, for by Nixon's own measure the premier problem of unemployment has reached the peril point.

From Time Magazine Archive