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Specific Tariff

Trading Term

Specific tariff is a fixed fee imposed on a particular quantity of an imported good. This type of tariff is calculated based on the physical unit of the product, such as weight, volume, or number of items, rather than its value. For example, a country might impose a specific tariff of $5‍ per kilogram on imported cheese. This approach provides predictability in revenue for governments, as the tariff amount remains constant regardless of fluctuations in the product’s market price. However, it can disproportionately affect lower-priced goods, making them relatively more expensive compared to higher-priced alternatives.

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