preferential tariff

noun

Definition of preferential tariff

: a tariff schedule under which one or more nations are given lower rates or other advantages over others

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Cite this Entry

“Preferential tariff.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/preferential%20tariff. Accessed 17 Jan. 2021.

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