tariff
UK: ˈtærɪf | US: ˈtærɪf
n. a tax or duty to be paid on a particular class of imports or exports
n. a list of taxes or customs duties imposed by a government
n. a fixed charge for a service, such as transportation or utilities
The word "tariff" traces back to the Arabic "ta‘rīf," which referred to an official notification or inventory of charges. It entered Medieval Latin as "tarifa" and later Italian as "tariffa," meaning a schedule of taxes or duties. The term was adopted into English in the late 16th century, retaining its core meaning of a list or schedule of fees, particularly in trade. The evolution reflects the historical importance of Arabic trade terminology in Mediterranean commerce.
The government imposed a 10% tariff on imported steel.
The new tariff policy aims to protect domestic industries.
Check the airline's tariff for baggage fees before you fly.
The trade agreement reduced tariffs between the two countries.
Critics argue that high tariffs can lead to increased consumer prices.