2006-11-24 07:40:16 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
An import tariff is a tax that your own country is imposing on you for buying these items from another country. The reason is twofold. One is to earn money for them, the other is to encourage you to buy things made in your own country to keep its economy strong.
2006-11-24 07:43:25 · answer #1 · answered by butrcupps 6 · 0⤊ 0⤋
an import tariff describes a tax on certain items that are sent in from another country to be sold here. The government choses popular imported goods to be taxed an import tariff, which raises the price for consumers. This brings money into the government to fund things like subsidies for companies here, and also encourages the purchase of items made in your own country
2006-11-24 15:51:30 · answer #2 · answered by Together 4 · 0⤊ 0⤋
tax on imported goods coming on a nation and an embargo is a restriction against trade into a country or something like that
2006-11-24 15:49:13 · answer #3 · answered by Grapes 2 · 0⤊ 0⤋
a tax on goods imported into a country.
2006-11-24 15:42:04 · answer #4 · answered by tarrbabymr2 2 · 0⤊ 0⤋