Tariff

What Does Tariff Mean?
A taxation imposed on goods and services imported into a country. Also known as a duty tax.

Investopedia explains Tariff
Governments generally impose tariffs to raise revenue and protect domestic industries from foreign competition caused by factors like government subsidies, or lower priced goods and services.

Filed Under: Economics

Related Terms

Certificate Of Origin - CO
Countervailing Duties
Detariffing
Export
Free Trade Area
General Order
Import
Most Favored Nation Clause
Protectionism
Quota
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