tariff (redirected from Customs tarrif)

Tariff

A taxation imposed on goods and services imported into a country. Also known as a duty tax.

Notes:

Governments generally impose tariffs to raise revenue and protect domestic industries from foreign competition.

See also: Export, Import, Protectionism, Quota

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Tariff

A tax on imports or exports.

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tariff

A tax levied on a good imported into a country. In most instances, tariffs are intended to make imported goods more expensive and thus less competitive with domestic products. Also called duty. See also General Agreement on Tariffs and Trade (GATT), trigger price.