tariff etymology

Etymology:

The word "tariff" originated in the Arabic word "ta'rif," meaning "declaration" or "information."

Meaning:

A tariff is a tax or duty imposed on imported or exported goods. It is a form of government regulation that aims to protect domestic industries or raise revenue.

Origin:

The concept of tariffs has existed for centuries, dating back to ancient times. However, the modern system of tariffs developed in Europe during the Middle Ages.

• 13th Century: The Italian city-states introduced tariffs to raise revenue for their growing cities.
• 16th Century: European countries began using tariffs to protect their domestic industries from foreign competition. This was known as mercantilism.
• 19th Century: Tariffs became a significant source of revenue for many countries, as well as a tool for trade negotiations.
• 20th Century: Tariffs fell out of favor during the post-World War II era due to the rise of free trade agreements. However, they have remained in use in some industries and countries.

Types of Tariffs:

• Ad valorem: A percentage-based tax on the value of the imported goods.
• Specific: A fixed amount of tax per unit of imported goods.
• Compound: A combination of ad valorem and specific taxes.
• Protective: Designed to protect domestic industries from foreign competition.
• Revenue: Designed primarily to raise revenue for the government.

tariff relate terms

• average

  Etymology Late Middle English from Old French averaige based on Medieval Latin averag

• garble

  Etymology Middle English garbelen from Anglo French garbeler from Old French garbel

• garbled

  Etymology The word garbled derives from the Middle English word garbelen which meant

• orange

  Etymology Late Middle English as an adjective from Old French orenge from orenge f

• tabby

  Etymology and Origin The word tabby is derived from the Arabic word attabi meaning

• duty

  Etymology Middle English duete duetee from Anglo Norman French duete dutee from Lat

• impost

  Etymology The word impost comes from the Latin word impositus which means a charge

• custom

  Etymology Custom noun and adjective From Middle English custume ultimately derived

• Balaclava

  Etymology The word balaclava derives from the town of Balaclava in Crimea Ukraine

• smorgasbord

  Etymology The word smorgasbord comes from the Swedish words smör butter and gåsb