tariff
noun [ C ]
uk/ˈtærɪf/ us TAX, ECONOMICS, COMMERCE
a tax on goods coming into or going out of a country:
Prices and tariffs change all the time, so it's difficult to say what you will get for your money.
a tariff on sth The tariff on optical cables is 8.4%.
impose/set/reduce tariffs The US has imposed new tariffs on chocolate from Brazil.
cut/eliminate/remove tariffs An agreement was reached to eliminate tariffs on information technology products.
high/low/steep tariffs on sth High tariffs on furniture imports are still imposed by some developing countries to protect local carpenters.
tariff barriers/protection/rates The protectionist wall of high tariff barriers and import restrictions is being breached.
an increase/a reduction in tariffs
agricultural/industrial tariffs
customs/export/import tariffs
tariff concessions/cuts/reductions
COMMERCE
a list of fixed prices charged by a company for services, by a hotel for rooms, etc.:
Many smaller competitors have entered the market to undercut the company's telephone tariffs.
Environment Energy offers a no-premium green electricity tariff.
See also
ad valorem
compound tariff
multiple tariff
protective tariff
punitive tariff
retaliatory tariff
revenue tariff