tariff Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “tariff” in the English Dictionary

"tariff" in American English

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tariffnoun [C]

 us   /ˈtær·ɪf/
social studies a ​governmentcharge on ​goodsentering 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   us   /ˈtærɪf/
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 ​opticalcables 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 ​informationtechnologyproducts.high/low/steep tariffs on sth High tariffs on furniture ​imports are still ​imposed by some ​developing countries to ​protectlocalcarpenters.tariff barriers/protection/rates The ​protectionistwall of high tariff ​barriers and ​importrestrictions is being ​breached. an increase/a ​reduction in tariffs agricultural/​industrial tariffs customs/​export/​import tariffs tariff ​concessions/​cuts/​reductions
COMMERCE a ​list of ​fixedpricescharged by a ​company for ​services, by a ​hotel for ​rooms, etc.: Many ​smallercompetitors 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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“tariff” in Business English

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