Tariff

Tariff means:
a federal tax (usually Ad Valorem) on imports or exports (in general, a tax on products imported from foreign countries, save in case of some international agreements), usually imposed either to raise revenue (called a revenue tariff) or to protect domestic firms from import competition (called a protective tariff).

U.S. and other Developed Countries International Tax Meaning

In general the term “tariff” refers to a list (schedule) or system of levies (taxes, duties, charges) imposed by countries on foreign trade transactions (especially importations).

See Tariff in the United States Encyclopedia and Tariff in the Worldwide Encyclopedia.

Description and Definition of Tariff

A federal tax on imports being brought into or exports exported from the United States. When you buy imported goods the price you pay includes the tariff. Tariff taxes are not deductible.

Resources

See Also

Further Reading

• Tariff in the West's Tax Law Dictionary
• Tariff in “A Dictionary of Taxation”