trade tariff
Customs duty levy
A trade tariff is a tax imposed by a government on goods imported from other countries.
Tariffs raise revenue and protect domestic industries by making foreign products more expensive: The new trade tariffs on steel pushed manufacturers toward local suppliers.
They often become tools of economic pressure or retaliation between nations.
- importObtain from overseas
- import taxLevy on incoming goods
- exportForeign-bound sale
- dutyRequired moral task
- customsTraditional practices or import taxes
quota · commerce · border · goods · protectionism · embargo · smuggling · merchant · levy · freight · barrier · sanctions · negotiate · agreement · treaty · wool · silk · spice
- trade agreementsNAFTA, USMCA, GATT, WTO, bilateral agreements
- sanctionseconomic sanctions, asset freeze, travel ban, arms embargo, oil embargo
trade tarifffree trade
Unrestricted international exchange
free trade agreement · open trade · open market · tariff reduction · laissez-faire
trade tariffsubsidy
Financial assistance from government
government subsidy · government grant · tax rebate · tax break · bounty
trade tarifffree market
Commerce without state intervention
free trade zone · laissez-faire · open borders · single market · common market
trade, tariff, trades, traded, trading, trader, traders, tradable, tradeable