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Definitions from WordNet

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.

Possible Related Products:

• Imported Goods
• Domestic Industries
• Foreign Competition
• Local Manufacturers