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A tariff is a tax or custom duty on an imported [[good]].  It can take one of two forms:  (1) a tax per unit, known as a specific tariff, or (2) a tax based on the value of the good, known as an ad valorem tariff.
 
A tariff is a tax or custom duty on an imported [[good]].  It can take one of two forms:  (1) a tax per unit, known as a specific tariff, or (2) a tax based on the value of the good, known as an ad valorem tariff.
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[[category:economics]]
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