Tariff

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Tariff is a tax imposed on imported products.

Definitions

According to Principles of Economics by Timothy Taylor (3rd edition),

Tariffs. Taxes imposed on imported products.

According to Macroeconomics by Mankiw (7th edition),

Tariff. A tax on imported goods.

According to the Corporate Strategy by Lynch (4th edition),

Tariffs. Taxes on imported goods imposed by a nation state. They do not stop imports into the country but make them more expensive.

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