FAQs

What Is a Tariff?

A tariff is a charge levied upon an imported product from a particular country, essentially to make the product more expensive in the foreign market, which will discourage consumers from buying that foreign product. A product can be imposed both a quota and a tariff. The United States Customs Service imposes tariffs and quotas on products or services, which are imported into the United States. Other countries impose tariffs and quotas on products or services, which are imported from the United States.

REG FAQ #0033