tariff

A tariff is a kind of tax on goods a country imports or exports. If you want to buy a European-made car in the U.S., the price will include tariffs the government adds to the price of imported vehicles.

Usually a government imposes a tariff to encourage its own industries and to discourage buying cheaper imports from other countries. If a government wants to protect its own clothing industry, it may add a tariff to imported clothing, to make sure that the imported clothes aren't cheaper than the locally manufactured items. You can control exports, too, by imposing tariffs. As a verb, you can say "the government tariffs certain imports and exports."

Definitions of tariff
  1. noun
    a government tax on imports or exports
    synonyms: duty
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    types:
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    custom, customs, customs duty, impost
    money collected under a tariff
    tonnage, tonnage duty, tunnage
    a tax imposed on ships that enter the US; based on the tonnage of the ship
    octroi
    a tax on various goods brought into a town
    revenue tariff
    a tariff imposed to raise revenue
    protective tariff
    a tariff imposed to protect domestic firms from import competition
    import duty
    a duty imposed on imports
    export duty
    a duty imposed on exports
    countervailing duty
    a duty imposed to offset subsidies by foreign governments
    ship money
    an impost levied in England to provide money for ships for national defense
    anti-dumping duty
    a tariff imposed to prevent dumping
    type of:
    indirect tax
    a tax levied on goods or services rather than on persons or organizations
  2. verb
    charge a tariff
    tariff imported goods”
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    type of:
    tax
    levy a tax on
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