Nuisance tariff

Nuisance tariff

Tariff so low that it costs the government more to collect it than the revenue it generates. Sometimes, a tariff that does not have any protective effect some countries defend this as necessary in order to raise revenues.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: International trade
Organization: WTO
Product:
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Related terms

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