Export Tariffs
Export tariffs are taxes imposed by a government on goods that are sold to other countries. These tariffs are designed to increase the cost of exported products, which can help protect domestic industries by making foreign goods more expensive. By raising the price of exports, governments aim to encourage local consumption and production.
Countries may implement export tariffs for various reasons, including to control the supply of certain resources, generate revenue, or respond to trade imbalances. For example, a country rich in natural resources might impose tariffs on raw materials to ensure that its local industries have enough supply for manufacturing.