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protective tariff

 
Economics Dictionary: protective tariff

A duty imposed on imports to raise their price, making them less attractive to consumers and thus protecting domestic industries from foreign competition.

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WordNet: protective tariff
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Note: click on a word meaning below to see its connections and related words.

The noun has one meaning:

Meaning #1: a tariff imposed to protect domestic firms from import competition


 
 

 

Copyrights:

Economics Dictionary. The New Dictionary of Cultural Literacy, Third Edition Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin. All rights reserved.  Read more
WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more