Outrageously Funny Word Dictionary :: Retariff

👉 Retariff is a process in which a country reduces the rate of tariffs on its exports to another country. This can be done through various means, including lowering the import duty or reducing the tariffs on certain goods. For example, if China wants to reduce its tariffs on imported steel and other products from the United States, it might lower the tariff rates by introducing new regulations that require companies to pay higher prices for their products in order to comply with US standards. This process is known as a ret

retariff