Tariffs
Seasonal Tariff
Tariff rate that varies by time of year, generally applied to agricultural products to protect domestic production during harvest season.
Tariff rate that varies by time of year, generally applied to agricultural products to protect domestic production during harvest season.
Seasonal tariffs apply differentiated rates by season, higher during national harvest to protect local producers and lower off-season to ensure supply.
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 Quota (TRQ)
A quota or determined volume of goods that can be imported at a reduced preferential tariff; once the quota is exhausted, additional imports pay the higher general tariff.
TariffsTariff-Rate Quota
A maximum quantity of merchandise that can be imported or exported at a reduced or zero tariff during a given period, with the general tariff applying to quantities exceeding the quota.