noun
Meaning 1
A tariff imposed by one country in response to a tariff or other trade barrier previously imposed by another country, typically as a form of tit-for-tat trade sanction.
Definition source: English Wiktionary via Wiktextract
Topics: economics, government, politics, sciences
Examples
- Following the breakdown of trade talks, the nation announced a 25% retaliatory tariff on all imported luxury vehicles.
Meaning relationships
Synonyms: none provided
Antonyms: none provided