tariff

tar·iff   (tār'ĭf)    n.   A list or system of duties imposed by a government on imported or exported goods. A duty or duties so imposed. A schedule of prices or fees. tr.v.   tar·iffed, tar·iff·ing, tar·iffs To fix a duty or price on. [Italian tariffa, from Old Italian, from Arabic ta'rīf, notification, infinitive of 'arrafa, to announce, derived stem of 'arafa, to know; see ʕrp in Semitic roots.]

Tariff

A taxation imposed on goods and services imported into a country. Also known as a duty tax.

Investopedia Commentary

Governments generally impose tariffs to raise revenue and protect domestic industries from foreign competition.

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See also: Export, Import, Protectionism, Quota

tariff

A tax levied on a good imported into a country. In most instances, tariffs are intended to make imported goods more expensive and thus less competitive with domestic products. Also called duty. See also General Agreement on Tariffs and Trade, trigger price.

Main Entry: tar·iff
Pronunciation: 'tar-&f
Function: noun
Etymology: Italian tariffa, from Arabic ta'rIf notification
1 a : a schedule of duties imposed by a government on imported or in some countries exported goods b : a duty or rate of duty imposed in such a schedule
2 : a document filed with the appropriate government agency that sets forth the rates, charges, and other provisions pertaining to services furnished by a business (as a carrier) or public utility