What is it mean a tax on products being brought into the country called?

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2026-08-18 22:20

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A tax on products being brought into a country is called an "import duty" or "tariff." This tax is imposed by the government to regulate foreign goods entering the market, protect domestic industries, and generate revenue. The rates can vary depending on the type of product and the country of origin. Import duties can influence trade practices and consumer prices.

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