Another Word For Tariff

Meaning

A "tariff" refers to a tax or duty that is imposed on imported or exported goods. It is primarily used by governments to regulate trade and protect domestic industries from foreign competition. Tariffs can affect the price of goods, making imported products more expensive, which in turn can influence consumer behavior and promote local manufacturing.

Synonyms

• Duty
• Tax
• Levy
• Charge
• Impost

Antonyms

• Subsidy
• Allowance
• Grant
• Rebate

Etymology

The word "tariff" comes from the late Middle French term "tarif," which was derived from the Arabic word "taʕārīf," meaning "notification" or "inventory." The term evolved over time to reflect the concept of a list of duties payable on goods.

Examples

1. The government decided to raise the tariff on imported steel to protect local manufacturers.
2. Countries often negotiate tariffs during trade agreements to enhance their economic standing.
3. High tariffs can lead to increased prices for consumers, as businesses pass on the extra costs.
4. The new tariff policy has sparked a debate about free trade versus protectionism.