tariff

Intermediatezipf 3.49

Pronunciation

/ˈtærɪf/(TAR-if)

Part of speech

nouneconomics / trade

Chinese

关税

Definition

A tax imposed by a government on imported goods, raising their price to protect domestic industries from foreign competition or to generate revenue.

Word family

  • (related: duty
  • levy
  • customs)

Collocations

  • impose tariffs
  • tariff barriers
  • tariff rate
  • retaliatory tariffs
  • tariff war
  • tariff reduction
  • tariff-free

Examples

  1. 1.The US-China trade war saw tariffs on hundreds of billions of dollars of goods, with both sides imposing retaliatory duties that raised prices for consumers and disrupted supply chains. (trade conflict)
  2. 2.Tariffs protect domestic industries in the short term but raise prices for consumers and can provoke retaliation — the 1930 Smoot-Hawley Tariff deepened the Great Depression by triggering a global trade war. (economic consequences)

Synonyms

  • customs duty (tax on imports at the border)
  • import tax (tax on foreign goods)
  • levy/ˈlɛvi/a tax or fee imposed

Etymology

from Arabic "ta'rifa" (notification, inventory of fees) — from "arrafa" (to make known) — the published list of charges