C1nounbusinesspolitics
US/ˈter.ɪf/
UK/ˈtær.ɪf/
a tax that a government puts on goods coming into or leaving a country
In context
The US raised tariffs on steel and aluminum from several countries.
Vietnamese exporters benefit from lower tariffs under the free trade agreement with the EU.
Higher tariffs usually mean higher prices for ordinary shoppers.
Words that go with tariff
noun + preposition
- tariffs ontaxes charged on a type of imported goodsThe government placed new tariffs on imported steel.
verb + noun
- impose tariffsofficially put taxes on imported goodsThe country imposed tariffs to protect its farmers.
noun + noun
- import tariffa tax on goods brought into a countryA high import tariff makes foreign cars very expensive.
adjective + noun
- retaliatory tariffstaxes put on goods as revenge for another country's taxesRetaliatory tariffs hurt exporters on both sides.