What are tariffs?

Tariffs are essentially taxes imposed by governments on imported or exported goods. They serve several purposes, such as protecting domestic industries, generating revenue for the government, and influencing trade policy. When a country imposes a tariff on certain goods, it makes those goods more expensive for consumers, which can encourage the purchase of domestically produced items instead. This economic tool is fundamental in international trade, as it can significantly impact global market dynamics and the flow of goods between countries.

The other options refer to different aspects of logistics and transport but do not accurately define tariffs. Fees for warehousing pertain to storage costs, and costs associated with shipping delays relate to logistical inefficiencies, while charges for international freight deal with the expenses of transporting goods across borders. These aspects are important in the broader context of international logistics, but they do not capture the specific nature and function of tariffs in trade.