You are on page 1of 5

SS7E6.

B
This is presented to you by;

Katrina, Ariana, & diamond


TARIFF

TARIFF- DUTY: A GOVERNMENT TAX ON


IMPORTS OR EXPORTS

Extra info!!!!

They are usually associated with


protectionism, the economic policy of
restraining trade between nations. For
political reasons, tariffs are usually
imposed on imported goods, although
they may also imposed on exported
goods.


Import Quota

Import quota-a governmental restrictions


on the quantities of a particular
commodity that may be imported within
a specific period of time usually with the
goal of protecting domestic producers of
that commodity from foreign competition.
Extra information

You might also like