Plain-English definitions for the terms you'll encounter on your financial journey.
Economic policies designed to restrict imports and protect domestic industries from foreign competition. This is typically achieved through tariffs, quotas, and government subsidies.
A tax imposed by a government on goods and services imported from other countries to increase the price and make imports less desirable.
Taxes imposed by a government on imported goods. They are used to protect domestic industries from foreign competition and to generate government revenue.