flexible tariff

noun

Definition of flexible tariff

: a tariff (as that established in the U.S. by the Fordney-McCumber Act of 1922) by which the executive under specified conditions may by proclamation modify any rate of duty by not more than a stipulated percent of the amount provided therefor

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Cite this Entry

“Flexible tariff.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/flexible%20tariff. Accessed 5 Dec. 2021.

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