What does "tariff" mean?
A system of government-imposed duties levied on imported or exported goods; a list of such duties, or the duties themselves.
noun, verb ·Moderate ·High school level
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"For the sake of this support, the party advocated for agricultural tariffs, for antimargarine laws, and for restrictions on meat importation."
"Under a peak/off-peak electricity tariff, you pay a lower rate for the power when demand is less."
"From the perspective of foreign producers, it is more difficult to export tariffed goods to the US because US importers have to pay the tariff."
"The same man who tells you that he does not want to see the government interfere in business—and he means it, and has plenty of good reasons for saying so—is the first to go to Washington and ask the government for a prohibitory tariff on his product."
A system of government-imposed duties levied on imported or exported goods; a list of such duties, or the duties themselves.
Common synonyms include: duty, ad valorem duty, adjust rates, admission, alcohol tax, amusement tax.
The same man who tells you that he does not want to see the government interfere in business—and he means it, and has plenty of good reasons for saying so—is the first to go to Washington and ask the government for a prohibitory tariff on his product.
Pronounced /ˈtæɹɪf/.
From Italian tariffa (“arithmetical table; list of customs duties”), from Arabic تَعْرِيف (taʕrīf, “notification, explanation”).