The import tariff
Example: Import tariff applies taxes to goods entering a country
Definition
"The import tariff" refers to a tax imposed by a government on goods and products brought into a country from abroad. It is used to regulate trade, protect domestic industries, and generate revenue by increasing the cost of imported items.
Etymology
The term "the import tariff" combines 'import,' from Latin 'importare,' meaning 'to bring in,' and 'tariff,' which originated from the Italian word 'tariffa,' meaning 'list of prices or duties.' Did you know? Tariffs have been used since ancient times as a way for governments to control trade and protect local economies.
Learn to use this word actively
"The import tariff" appears in the Vocaplus list "English - Management - (A1-C2) - set 1", containing 108 commonly used words.
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