punitive tariff

punitive tariff
punitive tariff punitive tariff tariff

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punitive tariff UK US noun [C] COMMERCE, TAX
a very high tax that a government puts on imports in order to protect its own country's manufacturers: »

The government is to impose punitive tariffs on imported luxury cars.

Compare RETALIATORY TARIFF(Cf. ↑retaliatory tariff)

Financial and business terms. 2012.

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Look at other dictionaries:

  • tariff — A tax on imports or exports. Bloomberg Financial Dictionary The Integrated Tariff of the United Kingdom. This sets out information about customs procedures for the import, export and transit of goods. It also includes details of how goods are… …   Financial and business terms

  • tariff — noun ADJECTIVE ▪ high, low ▪ preferential, protectionist, protective ▪ British industry was sheltered from foreign competition by protective tariffs. ▪ punit …   Collocations dictionary

  • punitive — adj. Punitive is used with these nouns: ↑damage, ↑expedition, ↑measure, ↑raid, ↑sanction, ↑tariff …   Collocations dictionary

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  • Smoot-Hawley Tariff Act — (1930) U.S. legislation that raised import duties by as much as 50%, adding considerable strain to the worldwide economic climate of the Great Depression. Despite a petition from 1,000 economists urging Pres. Herbert Hoover to veto the act, it… …   Universalium

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  • china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

  • China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …   Universalium

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