What does a 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.

What is the difference between a tax and a tariff?

Tariff, tax levied upon goods as they cross national boundaries, usually by the government of the importing country. The words ‘tariff,’ ‘duty,’ and ‘customs’ can be used interchangeably. Tariffs may be levied either to raise revenue or to protect domestic industries.

What is a tariff list?

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. bill; cost; charge. to subject to a tariff. to put a valuation on according to a tariff.