What is another word for import tax?
Pronunciation: [ɪmpˈɔːt tˈaks] (IPA) 
Import tax, also known as customs duty or tariff, refers to a type of tax levied on goods imported into a country. The purpose of imposing an import tax is to protect domestic industries and generate revenue for the government. Synonyms for import tax include custom duties, import tariffs, import duties, and import fees. These taxes are commonly levied on goods such as electronics, automobiles, and clothing. The rate of the tax typically depends on the type of product being imported, the country of origin, and the trade agreements in place. Import taxes are important in international trade and can have a significant impact on the cost of goods and the competitiveness of businesses.
