Quote Originally Posted by sinkov View Post
Would you like to answer the question now mon ami, what is the difference between an import duty and a tariff ? In your own time of course.
I was at a funeral yesterday, so I did not get the chance to respond to your question. In simple lay terms I think tariffs are imposed on goods imported or exported by the manufactures of a country to an international country. It’s a tool used by a tool to stymie competition on home produced goods. Trouble is a game of tit for tat usually develops and only the consumer and supplier get hit directly. That’s folks like thee and me mon ami.

Duty is yet another tax the government imposes on goods imported into the domestic country. This duty is popularly known as import duty. Duty is also imposed on the goods manufactured within the country. I have to pay it when I bring in an over the limit amount of Asbach from either Germany or Spain. $hit innit?