Import tariff

Alright kiddo, so let's imagine you have some toys that you want to sell to your friends. But then there came some people from another town who want to sell their toys in your town, too. However, their toys are way cheaper than yours, so your friends will, of course, buy theirs instead of yours.

So what can you do? You can ask your town's government to put a tax on the other town's toys when they come into your town. That's what an import tariff is! It's a tax that the government charges on things that are imported (which means brought from another country or place) so that it makes the imported goods more expensive for people to buy.

When a country puts an import tariff on something, it means they want to protect their own businesses or producers (like you and your toys) by making it harder for other countries to sell their products in their country. However, other countries may not be too happy about this and might even put a tariff on their own goods so that it's harder for you to sell your toys to their people (which is not very nice).

So in summary, import tariff is just like a tax that a government charges on foreign goods to make them more expensive to buy and protect their country's own products or businesses. Does that make sense?