Import tariffs
An import tariff is a tax levied on goods entering a country. It's essentially an additional cost added to the price of the imported product.
How does an import tariff work?
Imagine a Dutch company imports shoes from China. The Dutch government might decide to impose an import tariff of, for example, 10% on shoes. This means that for every shoe the Dutch company imports, they have to pay an extra 10% of the shoe's value to the Dutch government.