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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

  • Duty

Hypernyms

  • Indirect Tax

Hyponyms

  • Custom
  • Octroi
  • Tonnage
  • Revenue Tariff
  • Impost
  • Customs
  • Tonnage Duty
  • Countervailing Duty
  • Import Duty
  • Export Duty
  • Protective Tariff

Related Words

  • Tariff (verb)
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