tariff (/ˈtær.ɪf/)
noun · Advanced · Work & Business
🔊 /ˈtær.ɪf/
Meaning
Meaning: tax on imports
A tax that a government places on goods coming into or leaving a country.
Examples
🗣 The new tariff on steel made imported metal more expensive for local factories.
Etymology
From Italian ‘tariffa’, from Arabic ‘taʿrīf’ (notification, list of fees).
How & Where It’s Used
Used in international trade and economic policy.
Tags: trade, economy