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Retaliatory Tariffs
Import taxes imposed by a country in response to similar taxes levied by another country.
Tariff
A tariff is a tax on imports or exports between sovereign states, often used by governments to protect domestic industries from foreign competition or to generate revenue.
Salmon
A species of fish commonly found in the Atlantic and Pacific Oceans, known for its pink to orange flesh.
Smoot-Hawley Tariff
A set of protectionist tariffs enacted in 1930 in the United States, which raised import duties on thousands of goods, contributing to the severity and duration of the Great Depression.
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