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Learn what tariffs are, how they work, and their economic impact. Deepen your trade policy understanding with our guide. A tariff is a tax imposed by a government on the import of goods or services from another country. Learn about the different types of tariffs, their effects on trade and economy, and some real-world examples. Tariff : What is meant by Tariff ? Learn about Tariff in detail, including its explanation, and significance in on The Economic Times. A tariff is a tax that a government places on goods and services imported from other countries. When products cross a nation's borders, the importing business pays this tax to its home country's ...