Specific tariffs are leveled as a proportion of the value of the imported good (for example,5% of the value of a new car).

Name: Specific tariffs are leveled as a proportion of the value of the imported good (for example,5% of the value of a new car).
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Specific tariffs are levied as a fixed amount per unit of the imported good, while ad valorem tariffs are levied as a proportion of the value of the imported good.

Specific Tariffs Are Leveled as a Proportion of the Value