„Duty“
What does Duty stand for?
A tax levied by a government on the import or export of goods.
(Note: The U.S. Constitution forbids the levying of taxes by the U.S. on exports. However, most foreign governments do not have this restriction,)
Source:
Customs and TariffsView all itemsGwartney, James D., Richard L. Stroup, and Russell S. Sobel. “Economics: Private and Public Choice.” 13th ed. South-Western Cengage Learning, 2012.
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