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.
The same word, tariff, is often used for the pricing of gas and electricity.
Tariff Media
Average tariff rates for selected countries (1913–2007)
Tariff rates in Japan (1870–1960)
Average tariff rates in Spain and Italy (1860–1910)
Average levels of duties, 1875 and 1913
Average tariff rates (France, UK, US)
Average tariff rates in US (1821–2016)
US Trade Balance and Trade Policy (1895–2015)
GDP per capita at purchasing power parity (PPP) versus import taxes, by country
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Related pages
References
"Tariff". New International Encyclopedia. (1905).
