The type of tariffs that the Europeans set up which allowed them to protect their own economies while taxing the goods from other countries were Protective Tariffs.
What are Protective tariffs ?
Tariffs that are implemented with the intention of safeguarding a domestic industry are referred to as protective tariffs. They want imports to be more expensive than domestically made equivalents so that domestic sales would increase and local industry will be supported.
Protective tariffs aim to make imported goods more expensive while protecting domestic producers from overseas rivalry. Revenue tariffs are intended to raise money, not to limit imports.
For instance, protective tariffs are put on imported Japanese wheelbarrows to compel a price hike if a wheelbarrow built in Japan costs $50 in the US and a wheelbarrow created locally is likewise priced at the same level.
This is what the Europeans did as they began to industrialize. They also applied it to their colonies as well.
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