punitive tariff
nounEtymology punitive + tariff
1
Economics, Government, Politics, Sciences A tax imposed by a government on imported goods from a specific country, intended to punish that country for perceived unfair trade practices or political provocations.
- The administration threatened to impose punitive tariffs of 25% on all steel imports in response to the trade dispute.
- Related terms
- retaliatory tariff, dumping, economic warfare, most favored nation, protectionism, retaliation, trade war
- Hypernyms
- tariff, trade barrier