• Technology

    Understanding Tariffs: What They Are and How They Work

    Types of Tariffs: Understanding Different Tariff Structures Tariffs can take on various forms and structures depending on the specific circumstances of their implementation. Here are some of the most common types of tariffs: Ad valorem tariffs: These tariffs are calculated as a percentage of the value of the imported goods. For example, if an ad valorem tariff of 10% is…

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