Tariff (Noun)
Meaning
A government tax on imports or exports; "they signed a treaty to lower duties on trade between their countries".
Classification
Nouns denoting possession and transfer of possession.
Examples
- The government imposed a tariff on foreign cars to protect the domestic automotive industry.
- A major goal of international trade agreements is to reduce tariffs and other obstacles to commerce.
- The new policy included a higher tariff on electronics imported from China and other countries.
- Trade wars often begin with a single country raising tariffs on specific foreign-made products.
- The elimination of tariffs on agricultural goods was a key requirement for joining the economic union.
Synonyms
Hypernyms
Hyponyms
- Custom
- Octroi
- Tonnage
- Revenue Tariff
- Impost
- Customs
- Tonnage Duty
- Countervailing Duty
- Import Duty
- Export Duty
- Protective Tariff