low tariff

Frequency: 7.814.1 per million words

A small tax on imported goods.

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Examples (10)

  • Many developing nations advocate for low tariffs to boost their exports.
  • The agreement aimed to establish a zone with exceptionally low tariffs on all goods.
  • Such a policy of low tariffs often leads to increased competition in the domestic market.
  • Historically, periods of peace were sometimes accompanied by low tariffs to encourage international trade.
  • Consumers benefit from low tariffs because imported goods become more affordable.
  • The government decided to implement low tariffs on essential food items.
  • Negotiations are ongoing to achieve even lower tariffs on agricultural products.
  • With low tariffs, the country hopes to attract more foreign investment.
  • Critics argue that consistently low tariffs can harm local industries.
  • The new trade deal promises significantly low tariffs between the two economic blocs.