What does protective tariff mean?
Definitions for protective tariff
pro·tec·tive tar·iff
This dictionary definitions page includes all the possible meanings, example usage and translations of the word protective tariff.
Princeton's WordNet
protective tariffnoun
a tariff imposed to protect domestic firms from import competition
Wikipedia
Protective tariff
Protective tariffs are tariffs that are enacted with the aim of protecting a domestic industry. They aim to make imported goods cost more than equivalent goods produced domestically, thereby causing sales of domestically produced goods to rise, supporting local industry. Tariffs are also imposed in order to raise government revenue, or to reduce an undesirable activity (sin tax). Although a tariff can simultaneously protect domestic industry and earn government revenue, the goals of protection and revenue maximization suggest different tariff rates, entailing a tradeoff between the two aims.
ChatGPT
protective tariff
A protective tariff is a duty imposed on imported goods and services with the aim of protecting domestic industries from foreign competition. By raising the price of imported goods, this type of tariff is intended to make domestic products more appealing to consumers, thereby supporting local businesses, jobs, and economic growth.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of protective tariff in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of protective tariff in Pythagorean Numerology is: 4
Translations for protective tariff
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"protective tariff." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/protective+tariff>.
.gif/220px-Tariff_Rates_in_Japan_(1870-1960).gif "protective tariff")
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