What is another word for protective tariff?

Pronunciation: [pɹətˈɛktɪv tˈaɹɪf] (IPA)

Protective tariffs can be defined as taxes that are imposed on imported goods with the objective of protecting domestic industries from foreign competition. There are several synonyms for the term protective tariff. Some of these include import duties, customs tariffs, trade barriers, trade levies, and excise taxes. The use of protective tariffs has been a contentious issue throughout history and has been employed by governments around the world to protect their own industries. Opposition to protective tariffs is often rooted in the belief that they can lead to inflation and ultimately harm consumers. Despite this opposition, many countries continue to employ protective tariffs as a means of supporting their own industries.

What are the hypernyms for Protective tariff?

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

What are the hyponyms for Protective tariff?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.
  • hyponyms for protective tariff (as nouns)

Famous quotes with Protective tariff

  • I read the book with interest, but when Jackson was a candidate in 1828 for the Presidency, I opposed him and voted for Adams. I favored a protective tariff.
    Ezra Cornell

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