Canada imposes a duty on Scotch whisky to generate income for the Canadian government. What is the term for this type of tariff?

Question

Quizplus · Accepted Answer

A revenue tariff is a type of tariff that is imposed on imported goods primarily to generate revenue for the government rather than to protect domestic industries or restrict trade. In this case, the duty imposed on Scotch whisky is intended to generate income for the Canadian government, making it a revenue tariff. Protective tariffs are designed to protect domestic industries from foreign competition, while restrictive tariffs are meant to restrict the flow of imports into a country. Income tariffs are not a commonly used term in the context of international trade.

Canada Imposes a Duty on Scotch Whisky to Generate Income