A compound tariff permits a specified amount of goods to be imported at one tariff rate while any imports above this amount are subjected to a higher tariff rate.

Name: A compound tariff permits a specified amount of goods to be imported at one tariff rate while any imports above this amount are subjected to a higher tariff rate.
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A compound tariff combines both a fixed monetary charge per unit and an ad valorem percentage of the value of the goods, not a tiered rate based on quantity.

A Compound Tariff Permits a Specified Amount of Goods to Be