A tariff is a tax on imports or exports of goods between countries.
Tariffs are a form of regulation of foreign trade and a policy that taxes foreign products to encourage or safeguard domestic industry.
Tariffs are specific
- to each trade relation between the country of export and the country of import. When a trade agreement is in place between those countries, tariffs are sometimes lower or eliminated. Read more about EU trade agreements and trade arrangements
- to a product. As tariffs can vary significantly from product to product, it is important to know the exact product code to be able to determine the customs duties that will be applied. Read more about Product classification and Binding Tariff Information
Along with import and export quotas, tariffs are among the most widely used instruments to protect national production from unfair competition.
Read more about different types of tariff measures in this section