English · Work & Business
tariff
/ˈtær.ɪf/
[/ˈtær.ɪf/]
tax on imports
Advancednoun
Definition
A tax that a government places on goods coming into or leaving a country.
Example
The new tariff on steel made imported metal more expensive for local factories.
The new tariff on steel made imported metal more expensive for local factories.
Etymology
From Italian 'tariffa', from Arabic 'taʿrīf' (notification, list of fees).
How & Where It’s Used
Used in international trade and economic policy.