Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

autonomous tariff

Read a random definition: T.C.

A quick definition of autonomous tariff:

Autonomous tariff: This is a type of tariff that is set by a country on its own, without any agreement or negotiation with other countries. It is a tax on imported goods that is decided by the government of the importing country. This means that the government can decide to increase or decrease the tariff rate without consulting other countries.

A more thorough explanation:

AUTONOMOUS TARIFF

An autonomous tariff is a type of tariff that is set by a country on its own, without any agreement or negotiation with other countries. It is a unilateral decision made by a country to impose a tax on imported goods.

For example, if a country wants to protect its domestic industries from foreign competition, it may decide to impose an autonomous tariff on imported goods. This will make the imported goods more expensive, making it harder for foreign companies to compete with domestic companies.

Another example is when a country wants to raise revenue for its government. It may decide to impose an autonomous tariff on certain goods that are in high demand, such as luxury items or electronics. This will generate revenue for the government, but it may also make these goods more expensive for consumers.

The examples illustrate how a country can use autonomous tariffs to achieve different goals. In the first example, the country is using the tariff to protect its domestic industries from foreign competition. In the second example, the country is using the tariff to raise revenue for its government. Autonomous tariffs can have different effects on the economy, depending on how they are used.

automatism | autonomy

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
I hope u get an answer soon!
WorthlessAttractiveZombie
14:23
lavender, i looked at the stars last night and they said we're gonna hear from schools this week
heck yeah. I have a feeling we will
I got one answer so far from Mizzou and I was WL'ed but hey it's not the end it's just the beginning
that was Friday
WorthlessAttractiveZombie
14:26
keep swinging until you hear a bell
14:27
im from the future
14:27
kamala wins
14:27
276-262
I think she will too lol
WorthlessAttractiveZombie
14:27
since you're from the future, will fordham release today
14:28
no
WorthlessAttractiveZombie
14:28
fuck alright
14:28
not this week
14:28
dont even get ur hopes up u fool im from the year 2076
TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
LSD+ is ad-free, with DMs, discounts, case briefs & more.