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Definitions from the Web

Honor Tariff

Definition:

A honor tariff refers to a tariff imposed on imported goods that a nation voluntarily agrees to lower or eliminate for certain countries or products due to a sense of obligation or respect.

Examples:

Noun:

• Many economists argue that implementing a honor tariff can promote international trade and foster diplomatic relationships.
• The government decided to apply a honor tariff on automobile parts imported from their neighboring nation.

Verb:

• The government promised to honor tariff reductions for specific agricultural products imported from developing countries.
• As part of the trade agreement, both countries agreed to honor tariff preferences for selected electronic devices.

Adjective:

• The honor tariff policy aims to encourage fair competition in the global market.
• Businesses that benefit from honor tariff rates often witness significant growth in their exports.

Related Products:

• Books about honor tariffs
• Economics books on honor tariffs
• Books on honor tariff policies