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

The real peril point in modern presidential politics is the baton-passing moment when a sitting President tries to transfer power to a successor.

From Time Magazine Archive

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 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

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

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

From Time Magazine Archive