Example: Trade tariff applies taxes to goods entering or leaving a country
Definition
"The trade tariff" refers to a tax imposed by a government on goods imported into or exported out of a country. It is used to regulate trade, protect domestic industries, and generate revenue. Trade tariffs can affect prices and the flow of international commerce.
The phrase "the trade tariff" combines 'trade,' derived from Old English 'træd' meaning a path or track, later evolving to mean the act of buying and selling, with 'tariff,' which comes from the Italian 'tariffa,' originally meaning a list of prices or taxes. The use of tariffs has a long history in global trade regulation.
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"The trade tariff" appears in the Vocaplus list "English - Management - (A1-C2) - set 1", containing 108 commonly used words.
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