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tariff
[ tar-if ]
noun
- an official list or table showing the duties or customs imposed by a government on imports or exports.
- the schedule or system of duties so imposed.
- any duty or rate of duty in such a list or schedule.
- any table of charges, as of a railroad, bus line, etc.
- bill; cost; charge.
verb (used with object)
- to subject to a tariff.
- to put a valuation on according to a tariff.
tariff
/ ˈæɪ /
noun
- a tax levied by a government on imports or occasionally exports for purposes of protection, support of the balance of payments, or the raising of revenue
- a system or list of such taxes
- any schedule of prices, fees, fares, etc
- a method of charging for the supply of services, esp public services, such as gas and electricity
block tariff
- a schedule of such charges
- a bill of fare with prices listed; menu
- the level of punishment imposed for a criminal offence
verb
- to set a tariff on
- to set a price on according to a schedule of tariffs
tariff
- A government tax on imports, designed either to raise revenue or to protect domestic industry from foreign competition.
Derived Forms
- ˈٲڴڱ, adjective
Other Word Forms
- ٲiڴ· adjective
- ·ٲiڴ noun adjective
- ·ٲiڴ adjective
- ·ٲiڴ verb (used with object)
Word History and Origins
Origin of tariff1
Word History and Origins
Origin of tariff1
Example Sentences
The US president and his 145% tariffs have not instilled fear in many Chinese traders.
Earlier in the day he softened a key element of his economic plan - tariffs on the import of foreign cars and car parts - after US car-makers warned of the danger of rising prices.
They are concerned about the possibility of higher tariffs for Vietnam - it currently faces a 10% levy, like most of the world – but "it's a lot better here than China", they say with a laugh.
She is currently on an Economy 7 tariff and does not want to switch.
Trump's trade tariffs and repeated comments undermining Canada's sovereignty overshadowed the race, which ended with Carney's Liberals projected to win a minority government, according to public broadcaster CBC.
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More About Tariff
does tariff mean?
A tariff is a tax or duty on products that come into a country (imports) or leave it (exports), imposed by the country’s government.
A tariff is also the list of taxes a government imposes on imports and exports.
To tariff can mean to subject to a tariff.
Example: There is a high tariff on foreign music CDs, so I just stream it instead.
Where does tariff come from?
The first records of the term tariff come from the late 1500s. It ultimately comes from the Arabic ‘arrafa, meaning “to make known.” A tariff is most commonly associated with a board or chart readily available at ports and customs that lists the taxes imposed on different imports.
Tariffs are often used to try to protect industries within a country that make the same kind of products that are being imported to. By charging a tariff for an import, it is hoped that the price the customer pays for the product will be more for the imported product than for the domestic one. For example, if the United States wants to encourage its citizens to buy cars made in the US, it might impose a tariff on cars made in other countries and then imported to the US. There is a lot of debate about whether tariffs really do encourage customers to buy domestic goods.
In the same way that a chart will show tariffs on goods, a tariff can also be found at public transportation centers such as a bus or train station. These tariffs often list charges such as fares and fees for pets, as well as a variety of discounts, such as for children and veterans.
Did you know … ?
are some other forms related to tariff?
- tariffless (adjective)
- pretariff (adjective, noun)
- protariff (adjective)
- retariff (verb)
are some synonyms for tariff?
are some words that share a root or word element with tariff?
are some words that often get used in discussing tariff?
How is tariff used in real life?
Tariff is most commonly used in trade and economics discussions. It is a hot topic in politics from time to time, and tariffs can directly impact foreign affairs.
The Biden admin has struck a deal with European Union officials to lift some tariffs on steel and aluminum imports, resolving a bitter trade stand-off that began under Trump.
— Kyle Griffin (@kylegriffin1)
It's a happy Diwali to the people of Punjab, thanks to people-centric policy of Congress govt – facilitating the cheapest electricity tariffs in the country.
We pledge to relentlessly strive to ease the lives of citizens across India as well.
A very to you all.
— Congress (@INCIndia)
Public Service Enterprise Group (PEG) surprised the market with Q1 result. J.P. Morgan Chase changed the rating to Sell, as Public Service Enterprise Group (PEG) faces growth challenge from new tariff policies.
— EquityMarketPredictor (@GoldmanSachBOT)
Try using tariff!
Which of the following is NOT a synonym for tariff?
A. excise
B. tax
C. duty
D. refund
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