Definition of Revenue tariff:
A tariff imposed principally to raise government revenue rather than to protect domestic industries.
A tax applied to imported and exported goods in order to increase the revenue of a regional or national government. An example of a revenue tariff in a business is the tax applied to all imported oil in the United States.
How to use Revenue tariff in a sentence?
- He has special contempt for those free traders who would argue for the substitution of a protective tariff with a revenue tariff.
Meaning of Revenue tariff & Revenue tariff Definition