tariffs
Levies on goods
Tariffs are taxes imposed on imported goods, making foreign products more expensive relative to domestic ones.
Governments use tariffs to protect local industries, raise revenue, or as leverage in trade disputes: The administration announced new tariffs on steel imports.
Tariff can also mean any schedule of rates or charges: the hotel's tariff for room service.
Pact governing international commerce
- WTOGlobal commerce regulator
- GATTTariff-reducing treaty acronym
- NAFTAContinental free-commerce bloc
- USMCATrilateral commerce treaty
bilateral · multilateral · negotiation · trade war · sanctions · embargo · free trade · customs union
Required moral task
- levyCompulsory government charge
- customsTraditional practices or import taxes
- exciseRemove by cutting
- revenueBusiness income total
assessment · charge · imposition · specific · rate · percentage · schedule · collection
Obtain from overseas
- exportForeign-bound sale
- quotaFixed assigned amount
- customsTraditional practices or import taxes
- clearancePermitted passage or approval
declaration · documentation · commodity · freight · shipping · brokerage · goods · merchandise
Formal argument on issues
- disputeVerbal clash over differences
- backlashStrong negative reaction
- criticismJudgment of faults
- lobbyingAdvocating to decision-makers
retaliation · escalation · consumer prices · supply chain · trade deficit · exemptions · waivers · economic impact
Domestic production over foreign goods
- anti-dumpingCountering below-cost imports
- countervailingOffsetting with opposing force
- safeguardPrecaution against harm
- national interestNation's collective welfare priorities
manufacturing · subsidies · retaliation · injury · unfair trade · competitive advantage · industrial policy · self-sufficiency
trade agreement
Pact governing international commerce
USMCA · bilateral · multilateral · negotiation · trade war · sanctions · embargo · free trade · customs union · trade bloc
duty
Required moral task
revenue · assessment · charge · imposition · specific · rate · percentage · schedule · collection · classification
import
Obtain from overseas
clearance · declaration · documentation · commodity · freight · shipping · brokerage · goods · merchandise · border
debate
Formal argument on issues
lobbying · retaliation · escalation · consumer prices · supply chain · trade deficit · exemptions · waivers · economic impact · job losses
import substitution
Domestic production over foreign goods
- anti-dumpingCountering below-cost imports
- countervailingOffsetting with opposing force
- safeguardPrecaution against harm
national interest · manufacturing · subsidies · retaliation · injury · unfair trade · competitive advantage · industrial policy · self-sufficiency · economic nationalism
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- government chargesincome taxes, sales taxes, property taxes, customs duties, excise taxes
- trade rightsquotas, trade agreements, trade deals, embargoes, sanctions
- protectionismtrade barriers, import quotas, trade restrictions, import duties, import taxes
- trade regulationstrade laws, trade restrictions, export controls, trade barriers, export restrictions
- trade rulestrade barriers, trade laws, trade quotas, fair trading, import duties
tariffssubsidies
Financial aid from government
bounties · tax rebates · government grants · tax incentives · tax credits
tariffsfree trade
Unrestricted international exchange
open markets · laissez-faire · free trade agreements · deregulation · globalization
- shipping tariffsTaxes on cross-border goods
- tariff warsCompeting import tax escalations
- import tariffTax on goods entering country
- high tariff
- government tariffsState-imposed trade taxes
- trade tariffsTaxes on cross-border commerce