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Noun
The meeting between South Korean President Lee Jae-myung and President Donald Trump on Aug. 25 comes after a July trade deal in which Trump cut reciprocal tariffs on the country to 15% from the initial 25%.—Alexx Altman-Devilbiss, Baltimore Sun, 12 Aug. 2025 Topline Consumer prices rose slower than expected last month as President Donald Trump’s tariffs gripped markets, according to federal data released Tuesday, as hope remains for a possible interest rate cut by the Federal Reserve.—Ty Roush, Forbes.com, 12 Aug. 2025
Verb
Tesla, the electric carmaker led by Elon Musk, suffered a sharp drop in profits over a recent three-month period as car sales slowed and tariffs hiked costs, the company said this week.—Max Zahn, ABC News, 25 July 2025 Secretary of State Marco Rubio has been pressing top diplomats gathered at a conference in the city, Kuala Lumpur, to align with Washington’s efforts to restrict trade with China and to agree to tariff terms favorable to the United States.—David Pierson, New York Times, 11 July 2025 See All Example Sentences for tariff
: a schedule of duties imposed by a government on imported or in some countries exported goods
b
: a duty or rate of duty imposed in such a schedule
2
: a document filed with the appropriate government agency that sets forth the rates, charges, and other provisions pertaining to services furnished by a business (as a carrier) or public utility
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