What is tariff: Tariff

Tariff : What is meant by Tariff ? Learn about Tariff in detail, including its explanation, and significance in on The Economic Times. Tariffs are taxes on imported goods that affect prices, trade, and even international relations. They may sound complex, but they play a big role in how countries do business with each other. Tariffs are taxes on imported goods. Typically, the charge is a percentage of a good's value. For example, a 10% tariff on a $10 product would mean a $1 tax on top - taking the total cost to $11 ... A tariff is a tax that a government places on goods and services imported from other countries. When products cross a nation's borders, the importing business pays this tax to its home country's ...