What is an example of a tariff 2024?
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In some cases, both the ad valorem and specific tariffs are levied on the same product. For example, Company XYZ produces cheese in Scotland and exports the cheese, which costs $100 per pound, to the United States. A 20% ad valorem tariff would require Company XYZ to pay the U.S. government $20 to export the cheese.
2023-05-16 14:46:14
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Lucas Turner
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In some cases, both the ad valorem and specific tariffs are levied on the same product. For example, Company XYZ produces cheese in Scotland and exports the cheese, which costs $100 per pound, to the United States. A 20% ad valorem tariff would require Company XYZ to pay the U.S. government $20 to export the cheese.