Tariff
Term · Economic statistics · MLC-T-ECS-001912
Customs duties on merchandise imports. Levied either on an ad valorem basis (percentage of value) or on a specific basis (e.g. $7 per 100 kgs.). Tariffs give price advantage to similar locally-produced goods and raise revenues for the government. (Source: World Trade Organization)
| Identifier | MLC-T-ECS-001912 |
|---|---|
| Field | Economic statistics |
| Subject | Foreign trade |
| References | U.S. Census Bureau Glossary |
| See also | Statistics about Foreign Trade |
Record as JSON
{
"id": "MLC-T-ECS-001912",
"term": "Tariff",
"field": "Economic statistics",
"definition": "Customs duties on merchandise imports. Levied either on an ad valorem basis (percentage of value) or on a specific basis (e.g. $7 per 100 kgs.). Tariffs give price advantage to similar locally-produced goods and raise revenues for the government. (Source: World Trade Organization)",
"subject": "Foreign trade",
"see_also": [
"Statistics about Foreign Trade"
],
"references": [
"U.S. Census Bureau Glossary"
],
"url": "https://mlchart.com/terminology/economic-statistics/tariff/"
}
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