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Which do you believe it is?
lol, you guys are kind of like racing to answer questions :/
"A tariff is a tax on imports or exports (an international trade tariff). In other languages and very occasionally in English, "tariff" or its equivalent may also be used to describe any list of prices (electrical tariff, etc.)."
Lol, miss wanted the medal.
" A trade surplus, which makes the country richer. "
Tariff is for taxes though on imports
@paki That isn't the question, though.
A tariff or duty (the words are used interchangeably) is a tax levied by governments on the value including freight and insurance of imported products. Different tariffs are applied on different products by different countries. National sales and local taxes, and in some instances customs fees, will often be charged in addition to the tariff. The tariff, along with the other assessments, is collected at the time of customs clearance in the foreign port. Tariffs and taxes increase the cost of your product to the foreign buyer and may affect your competitiveness in the market. So knowing what the final cost to your buyer is can help you price your product for that market. In addition, your buyer may ask you to quote an estimate of these costs before making the purchase. This estimate can be made via email, phone or in the pro forma invoice.
when country exports are more than it imports then surplus trade occurs... :)
Who should I believe D:
:O I got it ok yes trade surplus
But, @misssunshinexxoxo is also going to say me.
"Definition of trade surplus/deficit. A trade surplus (a surplus in the balance of trade) occurs when the value of a country's exports exceeds that of its imports. A trade deficit (also called a trade gap) occurs when imports exceed exports."
I have 11 more question for you.