Customs tariffs

Customs tariffs are taxes imposed by a government on goods imported from other countries. They are used to raise revenue, protect domestic industries from foreign competition, and sometimes influence trade policies. When a product crosses a border, the importer pays a tariff based on its value or type. This additional cost can make imported goods more expensive, encouraging consumers to buy locally produced items. Tariffs are a common tool in international trade and are often negotiated or adjusted in trade agreements to support economic goals.