A tariff is a

A) subsidy to workers harmed by U.S.trade with foreign countries.
B) limit on the quantities of a good that can be imported each year.
C) tax on exports that tends to make them cheaper for foreigners to buy.
D) tax on imports that raises their prices and makes them less attractive to domestic consumers.
E) price floor placed on imported goods.

Tariff

a tax imposed on imported goods and services, intended to make foreign commodities less price-competitive than domestic goods.

Imports

Imports are goods and services bought by residents of a country from another country, which results in an outflow of currency to foreign markets.

Domestic Consumers

Individuals or entities within a country that purchase goods and services for personal use.