government tariffs
State trade levies
Government tariffs are taxes imposed on imported goods, typically to protect domestic industries or generate revenue.
The tariff raises the price of foreign products, making locally produced alternatives more competitive.
Tariffs can also serve as diplomatic leverage: The administration threatened government tariffs on steel imports.
Distinguished from quotas, which limit quantity rather than raising price.
- import taxLevy on incoming goods
- import dutiesTaxes on incoming goods
- trade warRetaliatory economic hostilities
- trade warsEconomic conflicts via import duties
- trade barriersRestrictions on cross-border commerce
taxation · export duty · protectionism · excise tax · economic sanctions · border tax · quotas · embargoes · trade blocs · levies · bilateral agreements · fiscal policy · stamp · industrial policy · trade policy · level playing field · competitive advantage · WTO
government tariffsfree trade
Unrestricted international exchange
open markets · free trade agreements · duty-free imports · free trade zones · free trade area
government tariffslaissez-faire economics
Minimal state economic involvement
neoliberalism · globalization · non-interventionism · classical liberalism · free enterprise
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