Tariff

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/tariff

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the primary functions?Revenue generation for the government and protection of domestic industries
2. What is the types of tariffs?Specific (fixed amount per unit) and ad valorem (percentage of value)
3. Why do governments put tariffs on toys from other countries?Governments use tariffs to help local toy makers by making foreign toys a bit more expensive, so people might choose toys made in our own country.
4. How do tariffs affect the price of toys we buy?When a tariff is added, the price of the toy goes up a bit. That means you might pay a little more for the toy you want.

Protectionism: Economic policy of restricting imports to protect domestic industries from foreign competition.
Ad Valorem Tariff: A tariff calculated as a percentage of the value of the imported goods.
Retaliatory Tariffs: Tariffs imposed by one country in response to tariffs imposed by another country.