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.