Question

In a broader sense in tariff we include

Answer 1

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Answer 2

A tariff is a tax which is levied on imports or exports of commodities by a country.

• Effective tax is levied as some percentage of the overall cost, including freight and proper insurance, of the essential commodity.
• The government levy possible taxes on other independent nations to typically collect potential revenue, staunchly defend domestic businesses, or exert political influence.  
• Taxes can form domestically manufactured alternatives appear more appealing by presenting foreign manufactured commodities as more costly.  
• To adequately protect local businesses and successful employment,  tariffs are also employed to typically support specific sectors sometimes do so.