Tariff = "A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers. They are one of several tools available to shape trade policy."Jan 8, 2013 read more
Duty vs Tariff "Duty" and "tariff" are both forms of taxes imposed by the government on goods which are imported from some other country. A tariff helps protect the domestic industries in the market of a country by restricting the amount of goods traded and generates revenue for the government. read more
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. read more