Difference between revisions of "Tariff"
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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 tax|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 tax|ad valorem]]'' tariff. | ||
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+ | President [[Trump]] supports tariffs as a way of resorting [[America]]n jobs lost due to massive trade deficits. Tariffs were used for most of American history to build economic strength. | ||
In [[telecommunications]], a tariff consists of documents filed by a [[common carrier]] describing its services and the payments to be charged for such services. [[Category:Telecommunications]] | In [[telecommunications]], a tariff consists of documents filed by a [[common carrier]] describing its services and the payments to be charged for such services. [[Category:Telecommunications]] | ||
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*[https://www.thenewamerican.com/economy/economics/item/28471-are-tariffs-good-for-america Are Tariffs Good for America?], by Steve Byas at ''[[The New American]]'', March 12, 2018. | *[https://www.thenewamerican.com/economy/economics/item/28471-are-tariffs-good-for-america Are Tariffs Good for America?], by Steve Byas at ''[[The New American]]'', March 12, 2018. | ||
+ | [[Category:Economics]] | ||
[[Category:Taxation]] | [[Category:Taxation]] | ||
[[Category:Trade]] | [[Category:Trade]] |
Revision as of 14:39, April 6, 2018
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.
President Trump supports tariffs as a way of resorting American jobs lost due to massive trade deficits. Tariffs were used for most of American history to build economic strength.
In telecommunications, a tariff consists of documents filed by a common carrier describing its services and the payments to be charged for such services.
See also
External links
- Are Tariffs Good for America?, by Steve Byas at The New American, March 12, 2018.