trade tariffs
Duties on imports
Trade tariffs are taxes imposed on goods crossing international borders, typically charged on imports.
Governments use tariffs to raise revenue, protect domestic industries from foreign competition, or as leverage in trade disputes: The new trade tariffs on steel raised prices for manufacturers.
When countries retaliate with their own tariffs, the result is often called a trade war.
- import dutiesTaxes on incoming goods
- export dutiesTaxes on goods leaving
- retaliatory tariffsPunitive import taxes in response
- economic nationalismFavoring domestic over foreign commerce
- Smoot-HawleyProtectionist 1930 trade legislation
embargoes · price war · consumer prices · dumping · anti-dumping duties · most favored nation · bilateral agreements · supply chain · customs duties · border tax · level playing field · revenue generation · import quotas · export restrictions · retaliation · mercantile · commodities · foreign
- tradecustoms, commerce, export, exports, quotas
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- British Tradeexport markets, coal exports, financial services, import duties, customs duties
- trade policyquotas, protectionism, sanctions, tariffs, customs
- fiscal historypublic debt, national debt, government bonds, treasury bonds, tax reform
- import feescustoms duties, import duties, import tax, import taxes, duties
trade tariffsfree trade
Unrestricted international exchange
free trade agreements · open markets · laissez-faire economics · globalization · free trade zones
trade tariffssubsidies
Financial aid from government
government grants · agricultural subsidies · tax incentives · tax breaks · bounties