Import subsidy and import tariff. In economic terms, an import subsidy has the reverse effect of an import tariff. The effects of both instruments on the quantities imported are shown in Figure 6. Figure 6. Economic effects of import subsidy and tariff.
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Mary Barra, GM senior vice president of Global Product Development, introduces the Chevrolet 2014 C7 Corvette Stingray at the 2013 North American International Auto Show in Detroit on Jan. 14, 2013. GM announced on Dec. 10 that Barra, 51, has been named the new CEO.