A compound tariff is a theoretical possibility that never occurs in practice.

Name: A compound tariff is a theoretical possibility that never occurs in practice.
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A compound tariff is a real type of tariff that combines both a specific tariff (a fixed fee based on the type or quantity of imported goods) and an ad valorem tariff (a percentage of the value of the goods). This approach is used by some countries in their trade policies.

A Compound Tariff Is a Theoretical Possibility That Never Occurs