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Ad valorem duty
(redirected from Ad Valorem Tariff)

   Also found in: Financial, Acronyms 0.01 sec.
a duty which is graded according to the cost, or market value, of the article taxed. See Ad valorem.

See also: Duty



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With his decision to impose a maximum of 30% ad valorem tariffs as opposed to the 40% requested by the steel lobby, the President split the difference between free trade and total protectionism.
Would it make sense to use an ad valorem tariff rather than a specific one?
 
 
 
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