tariff Definition
a tax or duty to be paid on a particular class of imports or exports.
Using tariff: Examples
Take a moment to familiarize yourself with how "tariff" can be used in various situations through the following examples!
Example
The government imposed a new tariff on imported goods.
Example
The company is facing higher tariffs on its exports.
Example
The tariff on luxury cars was increased by 10%.
Example
The trade war led to a series of retaliatory tariffs between the two countries.
tariff Synonyms and Antonyms
Phrases with tariff
a tax on imported or exported goods that is designed to protect domestic industries from foreign competition
Example
The government is considering imposing trade tariffs on steel imports.
a trade barrier that uses tariffs to restrict imports and protect domestic industries
Example
The removal of tariff barriers has led to increased trade between the two countries.
Example
The tariff rate on electronic goods is set to increase next year.
Origins of tariff
from Italian 'tariffa', meaning 'list of prices, book of rates'
Summary: tariff in Brief
The term 'tariff' [ˈtærɪf] refers to a tax or duty imposed on a particular class of imports or exports. It is designed to protect domestic industries from foreign competition and can lead to trade barriers. Examples include 'The government imposed a new tariff on imported goods.' and 'The trade war led to a series of retaliatory tariffs between the two countries.'
