Tariff - Wikipedia
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. [1]
What Is a Tariff and Why Are They Important? - Investopedia
Apr 1, 2024 · A tariff is a tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages. Key Takeaways
Tariffs: What are they, who pays for them and who do they ...
What is a tariff and what is its function? A tariff is a tax placed on goods when they cross national borders. The most common type is an import tariff, which taxes goods brought into a country. There are also export tariffs, which are taxes on goods a country exports, though these are rare.
What is a tariff and how does it work? | Fidelity
Jan 14, 2025 · Another type of tariff is known as a countervailing or anti-dumping tariff. Rather than seeking to give domestic producers a competitive advantage, these tariffs are intended to increase global trade by enabling one country to respond to what it views as unfair trade practices by another country.
What Are Tariffs and How Do They Affect You? - Investopedia
Oct 18, 2024 · Tariffs are duties on imports imposed by governments to raise revenue, protect domestic industries, or exert political leverage over another country. Tariffs often result in unwanted side effects,...
What Is a Tariff? Definition, History, and Types - Thomasnet
Jan 6, 2025 · Tariffs are a type of trade barrier that can be used to protect domestic industries and generate revenue for the government. However, tariffs can also have negative economic effects, both domestically and globally.
Tariff | Definition, Types, Examples, & Facts | Britannica Money
2 days ago · Tariff, tax levied upon goods as they cross national boundaries, usually by the government of the importing country. The words ‘tariff,’ ‘duty,’ and ‘customs’ can be used interchangeably. Tariffs may be levied either to raise revenue or to protect domestic industries.