TARIFF
tariff,n.1. A schedule or system of duties imposed by a government on imported or exported goods. • In the United States, tariffs are imposed on imported goods only. [Cases: Customs Duties 23–38. C.J.S. Customs Duties §§ 38, 40–55.] 2. A duty imposed on imported or exported goods under such a system. See DUTY(4). ad valorem tariff.A tariff set as a percentage of the imported goods’ value. • This is the
primary method used to calculate customs duties. antidumping tariff.A tariff equaling the difference between the price at which the product is sold in the exporting country and the price at which the importer will sell the product in the importing country. • These tariffs are designed to prevent foreign businesses from artificially
lowering their prices and gaining unfair advantages outside their home market. See
ANTIDUMPING LAW. [Cases: Customs Duties 21.5. C.J.S. Customs Duties §§ 135–152.]
autonomous tariff.A tariff set by legislation rather than by commercial treaty.
common external tariff.A tariff rate that members of a customs union, common market, or economic union uniformly apply to imports from nonmember nations. — Abbr. CXT. — Also termed tariff exterior commun (TEC). discriminatory tariff.A tariff containing duties that are applied unequally to different countries or manufacturers.
preferential tariff.A tariff that favors the products of one country over those of another. Cf.
[Blacks Law 8th]