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What does TERIFF stand for?
What does TERIFF mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: TERIFF.
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What does TERIFF mean?
- teriff
- A tariff is a tax or duty imposed on goods and sometimes services that are imported into or exported from a country. It is a form of trade barrier intended to protect domestic industries, raise revenue for the government, or address economic and political objectives. Tariffs can be specific (a fixed amount per unit) or ad valorem (a percentage of the value of the goods) and are often implemented and adjusted by governments to regulate international trade relations and local markets.
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