Karoline Leavitt what is a tariff?

A tariff is a tax imposed by the government of a
country or customs territory, or by a

supranational union, on imports or exports of
goods. Besides being a source of revenue, import
duties can also be a form of regulation of foreign
trade and policy that taxes foreign products to
encourage or safeguard domestic industry.[1]
Protective tariffs are among the most widely used
instruments of protectionism, along with import
quotas and export quotas and other non-tariff
barriers to trade #tariff #KarolineLeavitt