[speaker001:] Professor wang can I ask a few questions?
[speaker002:] Certainly.
[speaker001:] What is the tariff?
[speaker002:] It's a tax levy by the goveroverment on goods imported into that country.
[speaker001:] Why does the government levy the tariff?
[speaker002:] Tariff provides the government with extra tax revenue.
[speaker001:] Anything else.
[speaker002:] Tariff raises the price at which the goods are sold in the importing country and therefore makes them less competitive with locally produced goods.
[speaker001:] Oh, I know. Thank you. Professor wang.
[speaker002:] Do not mention it.