On April 16, 1921... An early morning severe weather outbreak produces 5 tornadoes across Middle Tennessee, primarily along a path from Giles to Cannon County. All are classified as F2. A total of 4 fatalities are reported, with another 41 injuries.
Protective tariff. Protective tariffs are tariffs that are enacted with the aim of protecting a domestic industry.[1] Tariffs are also imposed in order to raise government revenue, or to reduce an undesirable activity (sin tax).
DEFINITION of 'Tariff'. A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers.A specific tariff is levied as a fixed fee based on the type of item (e.g., $1,000 on any car).An ad-valorem tariff is levied based on the itemâs value (e.g., 10% of the carâs value). Tariffs provide additional revenue for governments and domestic producers at the expense of consumers and foreign producers.They are one of several tools available to shape trade policy.n ad-valorem tariff is levied based on the itemâs value (e.g., 10% of the carâs value). Tariffs provide additional revenue for governments and domestic producers at the expense of consumers and foreign producers. They are one of several tools available to shape trade policy.