Tariff and its application

The present article tries to explain Tariff and its application. Increasing unilateralism, Protectionism has thrown the world into a full-blown trade war. US-China, US-India, US-Europe, etc. All countries are imposing the tariff on each other products.In these scenario understanding tariff becomes imperative. Tariff definition Tariffs:-Tariff is a tax imposed by one country on the goods and services imported …

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