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Duty
(redirected from Protective Tariffs)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Duty
A tax on imports, exports, or consumption goods.

Duty
A tax that a country imposes on its imports and, occasionally, exports. A duty exists to make an import more expensive and to thereby encourage people to buy goods produced in their own country. Proponents of their use argue that duties discourage outsourcing of jobs to other countries and make the country more self-sufficient, but most economists agree that they are economically inefficient and some contend that they may ultimately harm the people they are intended to help. A duty is also called a tariff. See also: WTO, International trade, Globalization.

duty
See tariff.


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Some Indonesian industry groups complained that they would not be able to compete with cheap Chinese imports and called for a delay in the elimination of protective tariffs.
poultry industry has joined red meat producers and processors in an effort to block legislation by midwestern senators that would renew tax credits and protective tariffs for ethanol, which are due to expire at the end of the year.
Kirk is scheduled to hold his first bilateral talks with India's new trade minister, Anand Sharma, on Monday, after disagreements between the two countries over protective tariffs scuppered WTO negotiations in July.
 
 
 
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