tariff
tariff / tariff / tariff
NounTransitive Verb
pl: tariffspast: tariffedpp: tariffeding: tariffing
This term carries a strong association with international trade and geopolitical strategy. In a political context, it is often framed as a tool for protectionism, used to shield domestic industries from foreign competition by making imports more expensive. In the context of utilities or telecommunications, the word shifts from a government-imposed tax to a commercial price list. This usage is particularly common in British English to describe the tiered pricing structures of mobile phone or energy contracts.
Meanings
Nountariff
A tax or duty to be paid on a particular class of imports or exports.
"The government imposed a high tariff on imported steel to protect local manufacturers."