The European Union's variable levy is essentially a sliding-scale tariff applied to imports of agricultural products.

Name: The European Union's variable levy is essentially a sliding-scale tariff applied to imports of agricultural products.
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The statement accurately describes the EU's variable levy, which was aimed primarily at protecting the agricultural sector. However, the figure shown in the question pertains to Portugal's steel market and may not be directly related to the variable levy.

The European Union's Variable Levy Is Essentially a Sliding-Scale Tariff