Flexible Tariff

Flexible Tariff

Summary of Flexible Tariff

Special Drawing Ria customs tariff in which rates of duty can be raised or lowered by administrative action. In the United States the Reciprocal Trade Agreements Act of 1934 and other legislation have authorized the President to adjust duty rates downward in response to concessions from other nations, or to push rates upward in reprisal for discrimination against U.S. goods.GHTS.

(Main Author: William J. Miller)


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