tariff

American  

[tar-if] / ˈtær ɪf /

noun

1. an official list or table showing the duties or customs imposed by a government on imports or exports.

2. the schedule or system of duties so imposed.

3. any duty or rate of duty in such a list or schedule.

4. any table of charges, as of a railroad, bus line, etc.

5. bill; cost; charge.

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verb (used with object)

1. to subject to a tariff.

2. to put a valuation on according to a tariff.

tariff British  

/ ˈtærɪf /

noun

1. 1. a tax levied by a government on imports or occasionally exports for purposes of protection, support of the balance of payments, or the raising of revenue

   2. a system or list of such taxes

2. any schedule of prices, fees, fares, etc

3. 1. a method of charging for the supply of services, esp public services, such as gas and electricity

      block tariff

   2. a schedule of such charges

4. a bill of fare with prices listed; menu

5. the level of punishment imposed for a criminal offence

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verb

1. to set a tariff on

2. to set a price on according to a schedule of tariffs

tariff Cultural  

1. A government tax on imports, designed either to raise revenue or to protect domestic industry from foreign competition.

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Usage

What does tariff mean? A tariff is a tax or duty on products that come into a country (imports) or leave it (exports), imposed by the country’s government.A tariff is also the list of taxes a government imposes on imports and exports.To tariff can mean to subject to a tariff.Example: There is a high tariff on foreign music CDs, so I just stream it instead.

Other Word Forms

• pretariff noun
• protariff adjective
• retariff verb (used with object)
• tariffless adjective

Etymology

Origin of tariff

First recorded in 1585–95; earlier tariffa, from Italian, from Arabic taʿrīfah, derivative of ʿarrafa “to make known,” akin to ʿarafa “to know”

Example Sentences

One of Canada's main objectives during this trip is to ease Chinese tariffs on Canadian canola that have hurt farmers in the country's prairie provinces.

From BBC

And the overall price of goods, minus food and energy, remained unchanged for the first time since tariffs went into effect last year.

From MarketWatch

Boosts in revenue from taxes and tariffs narrowed the US budget deficit in the October to December period from the year before, Department of Treasury data showed on Tuesday.

From Barron's

“With fiscal and monetary stimulus in the pipeline and peak tariff headwinds likely behind us, we expect supportive guidance,” he notes.

From Barron's

The White House didn’t clarify whether that policy would add to existing tariffs or would include China.

From Barron's

Related Words

• cost
• duty
• excise
• levy
• price
• rate
• tax
• toll