import tariffs

Border crossing fees

Import tariffs are taxes imposed by a government on goods brought into a country from abroad.

They raise the price of foreign products, which can protect domestic industries from competition, generate revenue, or serve as leverage in trade disputes.

The new import tariffs on steel raised prices for American manufacturers.

Opposites
trade policy philosophy

import tariffsfree trade

Unrestricted international exchange

open markets · free trade agreements · globalization · deregulation · laissez-faire

economic mechanism

import tariffsduty-free zones

Areas exempt from tariffs

Family

import, tariff

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Abstract · Rated G