Tariffs provide revenue for the country buying the imported goods. If a country wants to export goods to a country, they have to pay a tariff(tax) to be allowed to do so. China pays very low tariffs to the US on the goods they export to us.
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
duties
imported goods such as trading and imports
Tariffs are taxes imposed on Imports and Exports.
Protective tariffs
tariffs
subsidies for domestic producers
tariffs
There are many situations that would encourage the European Union to put tariffs on imports. A good example is when the imports pose a threat to the local productions.
They hated tariffs. All they were making was cotton. Tariffs increased the cost of imports.
tariffs
Tariffs on imports