compound tariff Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “compound tariff” in the English Dictionary

"compound tariff" in Business English

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compound tariffnoun [C]

uk   us  
COMMERCE, TAX a ​tax on ​importedgoods that is a ​combination of a ​fixedamount and an ​amountbased on the ​value of the ​goods: Processed cherry ​products in the US were ​protected at the ​time by a ​compoundtariff of 6.9 ​centsperkilogramplus 4.5% of the ​productprice.
(Definition of compound tariff from the Cambridge Business English Dictionary © Cambridge University Press)
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