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

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Example Sentences

See Examples For:

peril point

To Stennis, the report showed the need for "vigorous and prompt corrective action," but he emphasized that "we're not in any peril point."

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

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

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

They were studded with "peril point" limitations, dictated by protectionists, that often negated their basic purpose.

From Time Magazine Archive

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