A trade policy that uses high import taxes or additional fees to restrict the entry of foreign goods and protect domestic industries; also called a tariff wall.

The standard rate at which customs duties are levied on imports and exports over a period of time.

the General Agreement on Tariffs and Trade

A group of countries that have agreed to eliminate tariffs between them and apply a common external tariff to other countries.

the physical or regulatory boundary of a territory within which the same customs laws and duties apply

the schedule of taxes or regulations imposed by a government on imported and exported goods

the power of a sovereign nation to determine its own customs tariffs and manage its own customs administration and revenue

A customs system where different tax rates are applied to the same imported product depending on its country of origin, usually based on reciprocal agreements between nations.

an import tax imposed on goods that have received government subsidies in their country of origin to prevent unfair competition

Heavy taxes imposed on goods from another country in response to unfair trade practices or as part of a trade dispute between two nations

an import tax imposed on certain goods to offset subsidies given to the producers of these goods in the exporting country

Special low customs rates applied by one country to all or some goods imported from another country.

a mutually preferential tariff agreement between countries where both sides apply lower import taxes to each other's goods

trade restrictions such as quotas, embargoes, or sanctions that are not direct taxes on imports

Customs duty treatment granted by a country to certain imports from another country, such as reduced rates or tax exemptions, to promote trade development.

A tax imposed on imported goods by a government to protect domestic industries from foreign competition by increasing the cost of imports.