Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is commonly used ...

Unlike specific taxes, which are fixed amounts, ad valorem taxes fluctuate based on the market value of the taxed item. This ensures that the tax burden is proportionate to the value of the ...

President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.

President Trump has threatened 25% tariffs on imports from Canada and Mexico, as well as an additional 10% tariff on imports ...

The table which is presented below will slow at a glance the rates of ad valorem duty equivalent to the specific duty levied on some of the principal articles imported. The table has been very ...