Definitions for tariffs
tar·iffs

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1. Tariffs

   A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. Protective tariffs are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and reduce the trade deficit. They have historically been justified as a means to protect infant industries and to allow import substitution industrialization. Tariffs may also be used to rectify artificially low prices for certain imported goods, due to 'dumping', export subsidies or currency manipulation. There is near unanimous consensus among economists that tariffs have a negative effect on economic growth and economic welfare, while free trade and the reduction of trade barriers has a positive effect on economic growth. Although trade liberalization can sometimes result in large and unequally distributed losses and gains, and can, in the short run, cause significant economic dislocation of workers in import-competing sectors, free trade has advantages of lowering costs of goods and services for both producers and consumers.

How to pronounce tariffs?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say tariffs in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of tariffs in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of tariffs in Pythagorean Numerology is: 7

Examples of tariffs in a Sentence

1. Stefan Koopman:

   The proposed U.S. tariffs on Chinese imports would certainly disrupt the internationally sliced-up value chains. It is well-known that large U.S. high-tech corporates and retailers use relatively cheap Chinese labor to assemble their products and gross trade flows analyses may underestimate the disruptive impact, raising tariffs on final and intermediate products that are shipped to the U.S. will crank up domestic prices for U.S. consumers and producers. As such, if these tariffs come through, it would provide another shock to the stock market and hurt producer and consumer confidence.

2. Mick Mulvaney:

   The two are absolutely not linked, these are not tariffs as part of a trade dispute. These are tariffs as part of an immigration problem.

3. Max Baucus:

   Those who think the US has leverage do not fully understand China. China thinks long-term, to some degree, China feels,' Oh, well these tariffs will kick in and hurt the American people pretty soon. America is a democracy and their government is going to be forced to respond whereas all of us over in China, we're not a democracy and we can just do what we think we want to do.'.

4. Allied Tool:

   What would I do if a giant wall of tariffs were erected in front of me? rather than having the parts travel through the United States to somewhere else, I would create a Mexican company to sell directly to other international companies. We just wouldn't go through the United States.

5. Larry Kudlow:

   President Trump is essentially doing what John McCain wanted John McCain to do with respect to free trade, president Trump made it clear, time and again, in those two days outside of Quebec that President Trump wants to reinstitute a process of free trade, no tariffs, no tariff barriers, no quotas and subsidies.

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References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Tariffs