Negative reciprocity
Negative reciprocity: in its original meaning this term is now of historical interest only. It describes the practice followed by the United States and some others in the 19th and early 20th centuries of raising tariffs against those countries that were seen as maintaining unreasonably high tariffs themselves. Negative reciprocity was, however, regarded mainly as a market-opening mechanism. Proponents of this practice took scant regard of the generally high level of their own tariff, and the basis of their thinking was always mercantilism.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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