Meaning of “tariff” in the English Dictionary

american-english dictionary

"tariff" in American English

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tariffnoun [ C ]

us /ˈtær·ɪf/

social studies a government charge on goods entering or leaving a country:

import tariffs

(Definition of “tariff” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"tariff" in Business English

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tariffnoun [ C ]

uk /ˈtærɪf/ us

TAX, ECONOMICS, COMMERCE a tax on goods coming into or going out of a country:

Prices and tariffs change all the time, so it's difficult to say what you will get for your money.
a tariff on sth The tariff on optical cables is 8.4%.
impose/set/reduce tariffs The US has imposed new tariffs on chocolate from Brazil.
cut/eliminate/remove tariffs An agreement was reached to eliminate tariffs on information technology products.
high/low/steep tariffs on sth High tariffs on furniture imports are still imposed by some developing countries to protect local carpenters.
tariff barriers/protection/rates The protectionist wall of high tariff barriers and import restrictions is being breached.
an increase/a reduction in tariffs

COMMERCE a list of fixed prices charged by a company for services, by a hotel for rooms, etc.:

Many smaller competitors have entered the market to undercut the company's telephone tariffs.
Environment Energy offers a no-premium green electricity tariff.

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

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