percentage tariff
[pərˈsɛntɪdʒ ˈtærɪf]
nounpl: percentage tariffs
tarifa ad valorem
1. A tax or duty imposed on imported or exported goods calculated as a percentage of the declared value of the goods rather than as a fixed amount per unit
The percentage tariff on imported electronics was set at 15% of the product's declared value.
A tarifa ad valorem sobre produtos eletrônicos importados foi estabelecida em 15% do valor declarado do produto.
2. A rate of duty expressed as a percentage rather than in absolute terms, commonly used in international trade
Most developing nations prefer percentage tariffs because they adjust automatically with inflation.
A maioria das nações em desenvolvimento prefere tarifas ad valorem porque se ajustam automaticamente com a inflação.
In Brazil and Portugal, the term 'tarifa ad valorem' is the standard technical term used in customs regulations and international trade agreements. In the United States, both 'percentage tariff' and 'ad valorem tariff' are used interchangeably in trade policy discussions. This type of tariff is important in global commerce because it automatically accounts for price fluctuations, unlike specific tariffs which remain fixed regardless of product value changes.
Related Idioms & Phrases
impose a percentage tariff on
calculate tariffs ad valorem
tariff as a percentage of value
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