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What is tariff and why do you use it?

Updated: 8/17/2019
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13y ago

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so that the government doesn't have to get imported goods that are all nasty.

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13y ago
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Q: What is tariff and why do you use it?
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Related questions

what is a tax use to regulate trade?

a tariff


Who can you use the word tariff in a sentence?

During the Tea Act, colonists were forced to pay a tariff on the tea that they bought.


How would you use tariff in a sentence?

During the Tea Act, colonists were forced to pay a tariff on the tea that they bought.


What is the difference between a tariff and protective tariff?

A tariff is a tax on imports A protective Tariff is a tax on imports to protect an industry in your country by making the imported goods more expensive and less attractive to the consumer. A successful use of this can be seen in the history of Harley Davidson Motorcycles.


What are types of tariff with an example of its use?

Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country


The Tariff of 1828 was known throughout the South as the tariff of?

Abomination.


How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?

Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?"


How do you use tariffs in a sentence?

I have a list of tariffs to do everyday when I get home from school.


What was the high tariff to limit foreign competition?

A high tariff to limit foreign competition is called a protective tariff.


What is the full form of tariff?

TARIFF


What is a tax placed on goods from another country to protect the home industry?

protective tariff


Three part tariff in Sri Lanka electricity board?

At the present Sri Lankan Electricity Tariffs do not have three-parts. However with the revisions for 2011-2015 has mandatory 3-Part time-of use tariff for bulk consumers. ( Not for household tariff). Presently the bulk consumers have an option to move into two-part TOU tariff