International Customs Tariff

An International Customs Tariff is a tax imposed by a country on goods imported from other countries. It serves to protect local industries, generate government revenue, and sometimes influence trade policies. When goods arrive at a country's border, customs authorities assess the tariff based on the item’s classification, value, and origin. The amount paid depends on the specific tariff rates set for different products. Tariffs can vary widely, affecting prices of imported goods and impacting international trade relationships. Overall, they are a key tool governments use to regulate cross-border commerce and protect domestic economies.