protective tariff
(pro-tec-tive-tar-iff)
4 syllables
Definition
noun. A duty imposed on imports to raise their price, making them less attractive to consumers and thus protecting domestic industries from foreign competition.
Example Sentence
The government implemented a protective tariff to shield local manufacturers from cheaper foreign goods.
More Example Sentences
A protective tariff can help nascent industries grow by reducing competition from established foreign companies.
Synonyms
import duty; customs duty; trade tax
Antonyms
free trade; open market; trade liberalization
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protective tariff
