Word: valorem
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Instead of the present 45% ad valorem ("according to value") duty on foreign cars, the new French tariff is a tariff by weight. Foreign cars are divided into five classes, taxed as follows...
...present law, according to impartial statistics, provides U. S. industry with average protective rates of 34% ad valorem. The House Bill jacked this protection up to 43%. The Senate Bill scaled it down to 39%. Highest duties in U. S. history were imposed on agricultural imports, wools, sugar...
...Percentages ? Ad Valorem...
...Senate: "If others build tariff walls, France will build tariff walls!" (TIME, Dec. 2). M. Flandin's wall, scheduled to go before the Chamber of Deputies this month, provides: 1) Increased duties on assembly parts ranging from 30% to 200%; 2) The present ad valorem duty of 45% on complete cars raised to 90%, practically a prohibitive duty...
...Debated the Tariff Bill; adopted (47 to 42) the Simmons Amendment repealing the flexible tariff provision: adopted provisions to convert present ad valorem rates to equivalent percentages on the basis of "domestic value...