Tariffs
/ˈtærɪfs/
Definitions
- (n.) Taxes or duties imposed by a government on imported or exported goods.
The government increased tariffs on steel to protect domestic manufacturers.
Forms
- tariff
Related terms
See also
Commentary
Tariffs often serve as a tool of trade policy to regulate commerce and protect domestic industries.
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.