GlossaryEN1 min readUpdated: Jun 24, 2026
Import Tariff
Unlike export duties levied by the shipping country or domestic excise taxes that arise inland, an import tariff is a government charge applied when goods cross into a customs territory.
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Source: https://www.investopedia.com/terms/i/import-tariff.asp
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Definition & Explanation
Unlike export duties levied by the shipping country or domestic excise taxes that arise inland, an import tariff is a government charge applied when goods cross into a customs territory. Its purposes are to shield domestic producers from cheaper foreign competition, to regulate trade flows, and to generate public revenue. The applicable rate is determined by the tariff schedule—based on the commodity nomenclature (e.g. HS code)—together with the country of origin and any preferential trade agreements in force. Freight forwarders and importers calculate the duty before filing the customs entry; it feeds directly into the landed cost of the goods and therefore shapes pricing decisions and competitiveness.
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