Tariffs: meaning, definitions and examples

Use in the context of taxes imposed on imported or exported goods, typically by a government to regulate trade. Often discussed in political and economic discussions.

• The government imposed new tariffs on steel imports to protect local industries.
• Due to the recent increase in tariffs, the prices of imported electronics have gone up.

General term for taxes or fees applied to imported and exported goods. It often has a formal or technical tone and is used in trading and regulatory contexts.

• Import duties on luxury cars are quite high in this country.
• Customs duties must be paid for all items that are brought into the country.

Broad term that refers to taxes or charges imposed by authorities, not necessarily limited to trade. Commonly used in legal and official contexts.

• The city council decided to levy a new tax on property owners.
• Special levies were imposed to fund the construction of new infrastructure.

Refers to the duties imposed on imported goods as well as the government agency that regulates the entry of goods into a country. Commonly used in travel and trade contexts.

• Make sure to declare all goods when you go through customs at the airport.
• The customs office will calculate the duties you need to pay for your imports.

Used when referring to taxes or duties imposed by a government on imported or exported goods. This term is often used in discussions about international trade and economics.

• The new tariffs on steel could affect the price of automobiles.
• The government imposed tariffs on imported electronics.

Used when discussing the price or cost of a service relative to time or another unit of measurement. This term often appears in contexts such as loans, utilities, and services.

• The interest rates for loans have increased recently.
• We offer competitive rates for long-distance calling.

Refers to amounts of money that you have to pay for services or goods. It is often used in general contexts where a service provider imposes a cost.

• The hotel added extra charges for room service.
• There will be additional charges for excess baggage.

Commonly used when talking about fixed sums of money paid for professional services, regulatory services, or membership, among others. Fees are often specific and established by organizations or institutions.

• The lawyer charged a consultation fee.
• There is a monthly membership fee to join the gym.