Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value ...

U.S. Customs and Border Protection (CBP), under the U.S. Department of Homeland Security, published a Notice of Proposed Rulemaking on Jan. 21, ...

Duties and tariffs are different types of fees imposed on goods entering a country to generate revenue for the government or ...

The most common kind of tariffs are ad valorem, which are levied as a fixed percentage of the value of the imports. There are also “specific tariffs,” which are charged as a fixed amount on ...

The proposals would codify features of the existing low-value entry processes (with new enhancements) but would not allow merchandise subject ...

Technically, there are two types of tariffs: a specific tariff, "levied as a fixed fee based on the type of item," and an ad valorem tariff, which is "levied based on the item's value." ...

The complementary House and Senate bills would also strip the superpower of the tariff and de minimis benefits it has enjoyed ...

Tariffs can be implemented in different ways. For example, ad valorem tariffs are charged as a percentage of the value of a product, while specific tariffs are a fixed fee for each unit of goods.