Tariff  

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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.
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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.

A tariff is a tax on imports or exports between sovereign states. It is a form of regulation of foreign trade. It is a policy that taxes foreign products to encourage domestic industry. It is used to equalize the trade balance. The tariff is historically used to protect infant industries and to allow import substitution industrialization.

Contents

See also

Types

Trade dynamics

Trade liberalisation




Unless indicated otherwise, the text in this article is either based on Wikipedia article "Tariff" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on original research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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