Tariff
From The Art and Popular Culture Encyclopedia
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A tariff is a tax on imports or exports between sovereign states. It is a form of regulation of foreign trade. It is a policy that taxes foreign products to encourage domestic industry. It is used to equalize the trade balance. The tariff is historically used to protect infant industries and to allow import substitution industrialization.
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See also
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Types
- Ad valorem tax
- Bound tariff rate
- Environmental tariff
- Import quota
- List of tariffs
- Tariff-rate quota
- Telecommunications tariff
- Electricity tariff
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Trade dynamics
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Trade liberalisation
- General Agreement on Tariffs and Trade (GATT)
- International free trade agreement
- Swiss Formula
- United States International Trade Commission
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