yandex watch
forex ask logo
forex ask banner
Welcome, Guest

Forgot Password

Not yet a Member? Register Here

Loader
Question Details
Username: Andrew

Rating:
Guru Stars

Asked to: Talitha Taslim

Date Created: 02 Mar 2018
Category 28
Tag Financial
Question What is a 'Tariff'?
Advice from Guru
Hi Andrew,

A tariff is a tax imposed on imported goods and services.

Tariffs are used to restrict imports by increasing the price of goods and services purchased from overseas and making them less attractive to consumers. A specific tariff is levied as a fixed fee based on the type of item, for example, $1,000 on any car. An ad-valorem tariff is levied based on the item's value, for example, 10% of the car's value.

Governments may impose tariffs to raise revenue or to protect domestic industries – particularly nascent ones – from foreign competition. By making foreign-produced goods more expensive, tariffs can make domestic-produced ones more attractive. By protecting these industries, governments can also protect jobs. Tariffs can also be used as an extension of foreign policy: imposing tariffs on a trading partner's main exports is a way to exert economic leverage.

List of Gurus

  • Guru Most read Heng Kim
    Heng Kim

    Hi PrettyWoman, The job market is the market in which employers search for

    Read more
  • Guru Most read Anton Luyten
    Anton Luyten

    Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists

    Read more
  • Guru Most read Chaoxiang Lee
    Chaoxiang Lee

    Hi Maria, A caplet is a kind of call option based on interest rates. The

    Read more
  • Guru Most read Apinya Kamon
    Apinya Kamon

    Hello ForexGuy, A false market occurs when prices are manipulated and impacted

    Read more
  • Guru Most read Tom Burke
    Tom Burke

    Hello LuckyWoman, The yearly probability of living is determined by consulting

    Read more
  • Guru forex ask most-read Goro Yang
    Goro Yang

    Hi LuckyMan, The notional principal amount, in an interest rate swap, is the

    Read more
  • Guru forex ask most-read Goro Yang
    Goro Yang

    Hi BobM, A quanto swap is a cash-settled, cross-currency interest rate swap,

    Read more
  • Guru forex ask most-read Talitha Taslim
    Talitha Taslim

    Hello LuckyMan, A trustee is a person or firm that holds and administers

    Read more
  • Guru forex ask most-read Dara Madee
    Dara Madee

    Hello LuckyMan, A trading system is simply a group of specific rules, or

    Read more
  • Guru forex ask most-read Talitha Taslim
    Talitha Taslim

    Hello Pretty Woman, An asset is anything of value that can be converted into

    Read more
  • Guru forex ask newest Heng Kim
    Heng Kim

    Hi PrettyWoman, The job market is the market in which employers search for

    Read more
  • Guru forex ask newest Anton Luyten
    Anton Luyten

    Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists

    Read more
  • Guru forex ask newest Chaoxiang Lee
    Chaoxiang Lee

    Hi Maria, A caplet is a kind of call option based on interest rates. The

    Read more
  • Guru forex ask newest Apinya Kamon
    Apinya Kamon

    Hello ForexGuy, A false market occurs when prices are manipulated and impacted

    Read more
  • Guru forex ask newest Tom Burke
    Tom Burke

    Hello LuckyWoman, The yearly probability of living is determined by consulting

    Read more