Import tariffs are taxes imposed by a government on goods brought into a country from abroad. These tariffs are designed to make imported products more expensive, encouraging consumers to buy domestically produced items instead. For example, if a country places a high tariff on foreign cars, it can help local car manufacturers compete by making their vehicles more affordable.
Governments use import tariffs for various reasons, including protecting local industries, generating revenue, and influencing trade relationships. However, high tariffs can lead to trade disputes and may result in higher prices for consumers, as businesses often pass on the costs to their customers.