levy tariff

Frequency: 6.55.5 per million words

To officially demand payment of a tariff.

Categories:

Examples (10)

  • The government decided to levy new tariffs on imported steel.
  • Many countries levy tariffs to protect their domestic industries.
  • Will the EU levy retaliatory tariffs in response to the trade dispute?
  • They have threatened to levy a 25% tariff on luxury goods.
  • International agreements often restrict a nation's ability to levy high tariffs.
  • The new trade policy allows the state to levy tariffs on specific agricultural products.
  • Historically, nations would levy tariffs primarily to generate revenue.
  • If negotiations fail, the possibility of the US beginning to levy further tariffs is high.
  • The World Trade Organization aims to reduce the practice of governments levying excessive tariffs.
  • Businesses fear that escalating trade tensions could lead to more countries levying import tariffs.