TARIFF
Tax imposed on imported products and services. It is used to restrict trade as it increases the price of these goods and services. Money collected from tariff is called a customs duty or duty. The government uses the money to generate additional revenue or guard domestic industries from competition. There are two types of tariff: specific tariff is a fixed amount of money based on the item, while ad-valorem tariff is set based on the item’s percentage value.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Fixed Asset Investment | Apr | |
| 04:00 | Industrial production | Apr | |
| 04:00 | Retail Sales | Apr | |
| 04:00 | Unemployment Rate | Apr | |
| 04:00 | NBS Press Conference | ||
| 10:00 | Trade Balance | Mar | |
| 16:00 | NAHB Housing Market Index | May | |
| 22:00 | TICS | Mar | |
| 00:45 | Producer Price Index | 1 quarter |
