Tariff: Tax on the import and export of goods
A tariff is a tax charged on goods as they pass between one country and another.
A tariff can be placed on goods being brought into the country (imports), and goods being exported from the country to another. It is usually done to make money for the government. It may also be done for protectionism. Protectionism makes it easier for local products to sell by making products from foreign countries more expensive.
Often, one government will have an agreement with another not to place any tariffs on goods that are traded between them. This kind of agreement is called free trade.
The same word, tariff, is often used for the pricing of gas and electricity.
Related pages
References
- Gilman, D. C.; Peck, H. T.; Colby, F. M., eds. (1905). New International Encyclopedia (1st ed.). New York: Dodd, Mead.
This article uses material from the Wikipedia Simple English article Tariff, which is released under the Creative Commons Attribution-ShareAlike 3.0 license ("CC BY-SA 3.0"); additional terms may apply (view authors). Content is available under CC BY-SA 4.0 unless otherwise noted. Images, videos and audio are available under their respective licenses.
®Wikipedia is a registered trademark of the Wiki Foundation, Inc. Wiki Simple English (DUHOCTRUNGQUOC.VN) is an independent company and has no affiliation with Wiki Foundation.