Tariffs have been in the news a lot lately. This FAQ explains what tariffs are and how they can be used as a tool in trade ...

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

Agricultural products: Many countries impose ad valorem tariffs on imported agricultural goods, such as fruits, vegetables, and dairy products. For example, a 15% tariff on imported cheese valued ...