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protective tariff

 

Definitions from WordNet

Noun protective tariff has 1 sense
  1. protective tariff - a tariff imposed to protect domestic firms from import competition
    --1 is a kind of
    duty, tariff
    --1 has particulars: anti-dumping duty

Definitions from the Web

Term: protective tariff

Definition:

A protective tariff is a tax imposed on imported goods in order to shield domestic industries from foreign competition by making imported goods more expensive.

Example Sentences:

  • The government implemented a protective tariff to protect local manufacturers from cheaper imported goods.
  • The automotive industry requested a higher protective tariff on foreign cars to promote local production.
  • Many economists argue that imposing a protective tariff can lead to increased prices for consumers.

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