An ad valorem tariff means that the tax applies to a percentage of the import's value such as a set number of cents on every dollar of value. A specific tariff, on the other hand, means that the tax is not concerned with the estimated value of the imported goods, but rather is based on specific amount of the goods.
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Foreign tariffs, along with other forms of market restrictions, cause a decline in the economic health of a nation. The next section explains why tariffs also hurt the economy of the country which imposes them. Be sure to continue to page 2 of The Economic Effect of Tariffs
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1 The cost of tariffs to the economy is not trivial. The World Bank estimates that if all barriers to trade such as tariffs were eliminated, the global economy would expand by 830 billion dollars by 2015. 2  The economic effect of tariffs can be broken down into two components: 1  The impact to the country which has a tariff imposed on it. 2  The impact to the country imposing the tariff.
https://www.thoughtco.com/the-economic-effect-of-tariffs-1146368
The economic effect of tariffs can be broken down into two components: The impact to the country which has a tariff imposed on it. The impact to the country imposing the tariff. In almost all instances the tariff causes a net loss to the economies of both the country imposing the tariff and the country the tariff is imposed on. Impact to the economy of a country with the tariff imposed on it. It is easy to see why a foreign tariff hurts the economy of a country. A foreign tariff raises the costs of domestic producers which causes them to sell less in those foreign markets.
https://www.thoughtco.com/the-economic-effect-of-tariffs-1146368
In my article The Softwood Lumber Dispute we saw an example of a tariff placed on a foreign good. A tariff is simply a tax or duty placed on an imported good by a domestic government. Tariffs are usually levied as a percentage of the declared value of the good, similar to a sales tax. Unlike a sales tax, tariff rates are often different for every good and tariffs do not apply to domestically produced goods.
https://www.thoughtco.com/the-economic-effect-of-tariffs-1146368
A tariff is a tax placed on imported goods. Each country has separate regulations, but there are five main types of tariffs: revenue, ad valorem, specific, prohibitive and protective. A revenue tariff increases government funds. For example, countries that do not grow bananas may create a tax on importing bananas.
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A few of examples: 1  The essay on Free Trade at The Concise Encyclopedia of Economics looks at the issue of international trade policy. 2  In the year 2000 President Bush raised tariffs on imported steel goods between 8 and 30 percent.
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Be sure to continue to page 2 of The Economic Effect of Tariffs. Except in all but the rarest of instances, tariffs hurt the country that imposes them, as their costs outweigh their benefits. Tariffs are a boon to domestic producers who now face reduced competition in their home market. The reduced competition causes prices to rise.
https://www.thoughtco.com/the-economic-effect-of-tariffs-1146368
An aspect of fiscal policy. A tariff is a tax on imports or exports (an international trade tariff). In other languages and very occasionally in English, tariff or its equivalent may also be used to describe any list of prices (e.g., electrical tariff).
https://en.wikipedia.org/wiki/Tariff
A protective tariff is used to raise the price of imported goods as a protective measure against the competition from foreign markets. A higher tax allows a local company to compete with foreign competition.
http://www.wisegeek.org/what-is-a-tariff.htm
what is protective tariff in business
A protective tariff is used to raise the price of imported goods as a protective measure against the competition from foreign markets.