ad valorem tariff

An ad valorem tariff was determined by the cost of production and market value.

In the end, the tariff law raised the average American ad valorem tariff rate to 38 percent.

The new law abandoned ad valorem tariffs and set rates independent of the monetary value of the product.

His attempts to balance the budget included a 5 per cent ad valorem tariff, which came to be seen as a violation of his free-trade platform.

The theorem is based on the observation that the effect on relative prices is the same regardless of which policy (ad valorem tariffs or export taxes) is applied.

Congress displayed a pro-business attitude in passing the ad valorem tariff and in promoting foreign trade through providing huge loans to Europe, which in turn bought more American goods.

It replaced the existing ad valorem tariff schedule with specific duties and drastically increased tariff rates on goods produced by popular "protected" industries, such as iron, textiles, and other manufactured goods.

As he later explained, "When I got to work with my brethren on the bill I found that it would not go, and I had to abandon my ad valorem tariff bill.