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

Companies spent much of the year juggling steady consumer demand with uncertainties surrounding tariffs and the impact of artificial intelligence on their workforces.

From The Wall Street Journal

Eurozone consumer sentiment unexpectedly weakened in December despite cooling inflation and economic resilience against tariffs, a monthly indicator showed.

From The Wall Street Journal

A new levies strategy from the U.S. government may create a new set of challenges for companies—and spur more costly legal bills as businesses strategize around new tariff authorities.

From Barron's

Almost immediately after announcing the tariffs, the White House paused them to allow for trade negotiations.

From Barron's

Executive orders on trade and tariffs, totaling 34, led to a 12% drop in the S&P 500 in April and raised the average effective tariff rate to nearly 17%.

From Barron's

Related Words

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