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border tax
noun
- a tax system for imports and exports, especially one that compensates for internal taxes in Common Market countries by levying fees or paying rebates.
Example Sentences
Then last week, with little warning, he announced an additional 10% border tax, which has now come into force on Tuesday, along with tariffs on Mexico and Canada.
Trump has already raised tariffs on goods from China, while threatening a range of more sweeping trade actions, including a 25% border tax on goods from Canada and Mexico and new "reciprocal" tariffs set for each country.
Last month, he imposed a new 10% border tax on all imports from China, where Apple has a significant manufacturing presence.
From 10 February, China will charge a 15% border tax on imports of US coal and liquefied natural gas products.
Trump's most unorthodox economic promise was his vow to place tariffs - a border tax - of at least 10% on all goods coming into the US, which would rise to more than 60% for products from China.
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