Tariff Meaning and Definition
Tariff
Pronunciation
/ˈtærɪf/
Part of Speech
Noun
Definition
A tax or duty levied by a government on imported or exported goods, or a schedule of rates for a particular kind of activity or group of people.
Etymology
The word “tariff” comes from the Old French “tariff,” meaning “list” or “register,” likely derived from the Italian “tari,” meaning “to weigh” or “to measure.”
Usage Notes
Tariffs are typically used to protect domestic industries, regulate international trade, or generate revenue for governments. When referring to a tariff, it’s important to specify whether it’s an import or export tariff.
Cultural References
The concept of tariffs has been referenced in popular culture, such as in the song “Tariff” by the band Rage Against the Machine and in the documentary film “The Battle of Chile.”
Idiomatic Expressions or Phrases
- Clearing the tariff: to overcome obstacles or bureaucratic hurdles
- Tariff war: a trade conflict sparked by protective tariffs
Related Words or Phrases
- Quota
- Customs duty
- Trade agreement
Collocations
- Tariff increase
- Import tariff
- Export tariff
Frequency of Use
Tariffs are a common concept in international trade and economics, making them a frequently used term in global markets and industries.
Common Misspellings
- Tareff
- Teriff