Import Tariff
/ˈɪmpɔrt ˈtærɪf/
Definitions
- (n.) A tax or duty imposed by a government on goods imported into the country to regulate trade and protect domestic industries.
The import tariff on steel was increased to protect local manufacturers.
Forms
- import tariff
- import tariffs
Related terms
See also
Commentary
Import tariffs are key tools in international trade law, often negotiated in trade agreements to balance protectionism and market access.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.