Tariffs
Tariff Escalation
Also known as: Escalating tariff, Progressive tariff
A tariff structure where duties increase progressively with the degree of product processing, protecting domestic manufacturing industry.
Also known as: Escalating tariff, Progressive tariff
A tariff structure where duties increase progressively with the degree of product processing, protecting domestic manufacturing industry.
Tariff escalation is a structure where tariff rates increase as the degree of processing or manufacturing grows. Raw materials face low or zero tariffs, semi-processed goods pay more, and finished products face the highest rates.
Ad Valorem Tariff
An import duty calculated as a percentage of the customs value of goods. It is the most common type of tariff in international trade.
TariffsTariff Rate
The percentage or specific amount applied to the customs value of imported goods to calculate the general import tax.
TariffsMost Favored Nation
A WTO principle requiring that any trade advantage granted to one member country must automatically be extended to all other WTO members.
TariffsTariff Classification
The process of assigning the correct tariff code to a product within a country's tariff schedule, determining applicable duties and regulations.