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A tariff is a tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages.
A tariff is a tax on imports, often known as a duty or a trade barrier. The purpose of a tariff is generally to protect domestic production and jobs, though economists say other domestic...
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry.
1. a. : a schedule of duties imposed by a government on imported or in some countries exported goods. b. : a duty or rate of duty imposed in such a schedule. 2. : a schedule of rates or charges of a business or a public utility. 3. : price, charge.
Tariff, tax levied upon goods as they cross national boundaries, usually by the government of the importing country. The words ‘tariff,’ ‘duty,’ and ‘customs’ can be used interchangeably. Tariffs may be levied either to raise revenue or to protect domestic industries.
TARIFF definition: 1. a charge or list of charges either for services or on goods entering a country 2. a charge or…. Learn more.
A tariff is a type of tax levied by a country on an imported good at the border. Tariffs have historically been a tool for governments to collect revenues, but they are...
In simple terms, a tariff is a tax that a country’s government imposes on goods that are imported from other countries. The importing business pays the tariff when...
tariff. noun. /ˈtærɪf/ a tax that is paid on goods coming into or going out of a country. A general tariff was imposed on foreign imports.
A tariff is a tax imposed on foreign-made goods, paid by the importing business to its home country’s government. The most common kind of tariffs are ad valorem, which are levied as a...