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Essay

Tariff and Non-tariff

Essay specific features

 

Issue:

Business

 

Written by:

Billie B

 

Date added:

November 25, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

4 / 963

 

Was viewed:

615 times

 

Rating of current essay:

 
Essay content:

An ad valorem tax is applied at a fixed percentage of the value of the import. Therefore, if there were a two percents tax imposed against the handbags then $40 would be gained in tariff revenue on each $2000 Herme handbag and only 40 cents on the $20 Wal-mart handbag. Sometimes, a specific and ad valorem tariff is imposed on the same product at once (Saranovic, 1997-2008)...
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An example of a revenue tariff is a product which is not made or grown in a country; however, the country creates a tariff on the specific product so the government would make money from the business importing that product. A prohibitive tariff is one that is such as high cost that it keeps the item from being imported (Cyprus, 2008)...
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