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

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

In the wide agreement announced last week, Kennedy bravely pierced the peril point 61 times, and said he did so to save the negotiations from collapsing entirely.

From Time Magazine Archive

The peril point clause requires the President to submit to the Tariff Commission a confidential list of all items on which he proposes to cut tariffs.

From Time Magazine Archive

The current tariff, suspended until next July, is 1.8� at a 24� peril point.

From Time Magazine Archive

In practice, the process is so complex that only on rare occasions have the peril point findings of the Tariff Commission been overruled.

From Time Magazine Archive