Tariff Meaning: Definition, Examples, and Translations
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tariff
[หtรฆrษชf ]
Definitions
financial
A tariff is a tax imposed by a government on goods and services imported from other countries. Tariffs are used to protect domestic industries, raise revenue, and address trade imbalances.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| tariff |
Used when referring to a tax imposed by a government on imports or exports of goods. It can also mean a schedule of prices or fees.
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| duty |
Often used interchangeably with 'tariff,' but generally refers to the specific tax imposed on certain goods. It can also mean a moral or legal obligation.
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| customs |
Refers to the authorities or the process involved in enforcing tariffs and collecting duties on imported goods. Commonly used in the context of border crossings and international trade.
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| levy |
Refers to the act of imposing or collecting a tax, fee, or fine. Often used in the context of government or official authority imposing these charges.
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Examples of usage
- The government imposed a 25% tariff on imported steel.
- Companies are concerned about the impact of tariffs on their bottom line.
telecommunications
In the context of telecommunications, a tariff is a price list or schedule of charges for services provided by a telecommunications company.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| tariff |
Used primarily in the context of taxes on imported or exported goods. Often associated with trade policies and international business.
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| rate |
Used to describe a price set per unit, a ratio, or a measurement over a specified period. Frequently used in financial, rental, and employment contexts.
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| fee |
Refers to a payment made for professional services, memberships, or certain privileges. Typically used in contexts involving professional services, education, and memberships.
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| charge |
Commonly used to describe a cost or price demanded for a service or product. Can be used in various everyday and professional settings.
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Examples of usage
- The new tariff plan offers unlimited data at a competitive price.
- Customers can choose from a variety of tariffs based on their usage needs.
Translations
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Origin of 'tariff'
The word 'tariff' originated in the late 16th century from the Italian word 'tariffa', which meant a list of prices or duties. The concept of tariffs has been present in international trade for centuries, with governments using them to regulate trade and protect domestic industries. Tariffs have been a source of contention in trade negotiations and have evolved over time in response to changing economic conditions and trade agreements.
See also: tar.