What is a 'Tariff'?

A tariff is a tax imposed on imported goods and services. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

| Term of the Day Tariff A tariff is a tax imposed on imported goods and services. Breaking it Down: Tariffs are used to restrict imports by increasing the price of goods and services purchased from overseas and... Read More » Related to "Tariff" The Basics of Tariffs And Trade Barriers Everything you need to know about trade barriers and tariffs, why they are used and their effects on the local economy. Read More » What are common reasons for governments to implement tariffs? Gain a basic understanding of a government-sanctioned import tariff, what it is meant to accomplish and common reasons for implementation. Read More » How do tariffs protect domestic industries? Understand how tariffs are used by domestic government to protect its domestic industries, how they are levied, and whether or not they are effective. Read More » Related Definitions Anti-Dumping Duty Anti-dumping duty is a protectionist tariff that a government places on imports thought to be significantly underpriced. Read More » Quota A quota is a government-imposed trade restriction limiting the number or value of goods a country can import or export during a particular period. Read More » Trade War A trade war is a side effect of protectionism that occurs when one country A raises tariffs on country B's imports in retaliation for B raising tariffs on A's imports. Read More » Free Trade Area Free trade areas are regions where member countries have signed a free trade agreement. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2019, Investopedia, LLC, All Rights Reserved | Privacy Policy