What is a Tariff?
A tariff is a tax levied by a government specifically on goods and services that are imported from other countries. The terms “tariff,” “customs duty,” and sometimes simply “duty” are used interchangeably to describe this charge. This tax is applied when foreign goods cross a national border and are processed for entry into the domestic market at a port of entry.
What is a Tax?
In its most basic form, a tax is a required payment of money to a government. These compulsory payments aren’t arbitrary—their fundamental purpose is to fund the public goods and services that benefit the community as a whole.
A tariff is a tax levied by a government specifically on goods and services that are imported from other countries. The terms “tariff,” “customs duty,” and sometimes simply “duty” are used interchangeably to describe this charge. This tax is applied when foreign goods cross a national border and are processed for entry into the domestic market at a port of entry.
What is a Tax?
In its most basic form, a tax is a required payment of money to a government. These compulsory payments aren’t arbitrary—their fundamental purpose is to fund the public goods and services that benefit the community as a whole.






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