Surplus value that is lost due to taxes imposed on imported goods which are keeping the market from functioning as well as it can is called

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The deadweight loss of a tariff refers to the economic inefficiency that occurs when a tariff (a tax on imports) is imposed, leading to a decrease in the quantity of imports, an increase in the price of goods for consumers, and a loss in consumer and producer surplus that is not offset by the revenue generated from the tariff. This results in a net loss to society, known as deadweight loss.

Surplus Value That Is Lost Due to Taxes Imposed on Imported