Forestry glossary

Tariff

An import tax or a list of articles and the import tax that must be paid on items on that list. A protective tariff is meant to protect local businesses from foreign competition; a retaliatory tariff is in response to a foreign country's tax on goods from your country; and an antidumping tariff is to prevent foreign countries from selling their goods in the importing country at a lower price than the goods sell for the foreign country or at a price lower than the manufacturing cost.