Term: tariffs

tariff (noun):

Trade: taxes imposed by a government on goods imported from other countries.
Services: a list of fixed prices for services, such as electricity, public transport, or hotel rooms.

synonyms: taxes, duties, levies, charges, fees.

pronunciation: /ˈtær.ɪfs/

translation: tarifi, muitas nodokļi

example: The government decided to increase tariffs on imported steel to encourage citizens to buy from local factories.

other words from this root: tariff (singular noun/verb).

International Trade: Tariffs are used as a tool to protect domestic industries by making foreign products more expensive.”The ongoing trade war led to higher tariffs on electronics, which increased the price for the average consumer.”
Utilities and Bills: Refers to the specific rate you pay for a service.”I switched to a different energy provider because they offered a cheaper fixed-rate tariff for electricity.”
History: Historically, tariffs were a primary source of income for many countries before income taxes became common.”The 1930s saw a surge in protective tariffs as nations tried to shield their economies from the global depression.”
Travel and Tourism: Used to describe the official price list for services like train tickets or hotel stays.”The hotel tariff is significantly higher during the peak summer season than in the winter.”