Tariff
A tariff is a tax charged on goods as they pass between one country and another. A tariff can be placed on goods being brought into the country (imports), and goods being exported from the country to another. It is usually done to make money for the government. It may also be done for protectionism. Protectionism makes it easier for local products to sell by making products from foreign countries more expensive.
Often, one government will have an agreement with another not to place any tariffs on goods that are traded between them. This kind of agreement is called free trade. Several states may agree to form a larger customs union.
The same word, tariff, is often used for the pricing of gas and electricity.
Tariff Media
An early 1900s poster draws attention to a political debate over tariff policy.
British customs tariff rates for different alcoholic beverages from 1725.
In Ancient Greek, the port of Piraeus was connected to Athens with Long Walls that provided security for transportation of goods.
Average tariff rates (France, UK, US)[needs update]
- Average Tariff Rates in USA (1821-2016).png
Average tariff rates in US (1821–2016)[needs update]
Related pages
References
. New International Encyclopedia. 1905. {{cite encyclopedia}}: Cite has empty unknown parameter:|HIDE_PARAMETER=(help)
