Meaning of “retaliatory tariff” in the English Dictionary

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"retaliatory tariff" in Business English

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retaliatory tariffnoun [ C ]

uk us COMMERCE

a tax that a government charges on imports to punish another country for charging tax on its own exports:

China responded by saying it would impose retaliatory tariffs on a broad range of US products.

(Definition of “retaliatory tariff” from the Cambridge Business English Dictionary © Cambridge University Press)