What is another word for low tariff?

Pronunciation: [lˈə͡ʊ tˈaɹɪf] (IPA)

Low tariff refers to a type of trade policy that involves charging minimal or reduced taxes on imported goods entering a country. Some common synonyms for low tariff include reduced tariff, minimal duty, lowered taxation, and decreased customs duties. It is designed to facilitate trade relations by lowering the barriers to entry for foreign goods and ensuring that consumers have a wider range of options to choose from. Other possible synonyms might include preferential tariffs, discounted duties, affordable taxation, or duty-free imports. Regardless of the specific term used, the goal of these policies is to increase trade while still protecting domestic industries and maintaining economic stability.

What are the hypernyms for Low tariff?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for low tariff?

A low tariff is a concept that generally denotes a low rate of taxation or duty imposed on goods or services being imported/exported. However, the opposite of low tariff can be described by a range of antonyms, including high tariff, increased duty, elevated taxation, or exorbitant duty. These opposites reflect a marked increase in the cost of goods, which may have many negative effects on different stakeholders, such as domestic producers and foreign consumers. High tariffs on goods can lead to reduced foreign competition and decreased international trade, while also increasing prices for consumers. However, different factors may justify increased tariffs, such as protecting the domestic market from unfair competition or stimulating local industries.

What are the antonyms for Low tariff?

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