tariff

Definition

A tax imposed on a product when it is imported into a country.

Use tariff in a sentence

The USA placed a tariff on all goods coming from Cuba. This would allow for new revenue on the expected uptick in in-ports.

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American Cars Company has elected not to export their high quality vehicles to Italy due to the high tariff imposed by the Italian government.

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If it wasn't for the tariffs placed on steel imported from China that equalize the price of differing steels, no one would use U.S. steel because it costs more to produce.

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countervailing duty rules of origin