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 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.
Tariffs in history
Tariffs were instrumental in the economic growth of the United States[1] China has also used tariffs to its advantage.[2]
See also
External links
- Are Tariffs Good for America?, by Steve Byas at The New American, March 12, 2018.
- Carney, John (August 15, 2018). Carney: Trump is Right, ‘Our Country Was Built on Tariffs’. Breitbart News. Retrieved August 15, 2018.
- Byas, Steve (August 16, 2018). Tariffs and the Founding Fathers. The New American. Retrieved August 16, 2018.
- Buchanan, Patrick J. (July 26, 2018). Did Tariffs Make America Great? The New American. Retrieved August 16, 2018.
