"Higher tariffs" refers to an increase in the taxes or fees imposed on goods or services when they are imported into a country. This makes imported products more expensive for consumers, aiming to protect domestic businesses and industries.
Sentences with «higher tariffs»
Neither party is refusing to back down and has announced more sets of higher tariffs on each other over the past 24 hours. (bitcoinnews.international)
While the global economy supports our positive outlook, the risks of higher tariffs and possible trade disruptions could cause stocks to continue to be volatile in response. (edwardjones.com)
A far more refined Viper comes, of course, with higher tariffs. (automobilemag.com)