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

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

One is the "peril point" clause, which permits the Tariff Commission to recommend the lowest "safe" tariff on many items and then pretty well binds the President to accept its recommendation.

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

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

From Time Magazine Archive

The shortage of priests and nuns in the West is near the peril point in nation after nation, though there are signs that the exodus and the precipitous drop in new seminarians may both be bottoming out.

From Time Magazine Archive