Home > Terms > English, UK (UE) > Tiered formula
Tiered formula
A formula where higher tariffs have steeper cuts than lower tariffs - products with higher tariffs are put in a higher category or tier, which has a steeper cut than lower tiers. Also used for cutting domestic support.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International trade
- Organization: WTO
- Product:
- Acronym-Abbreviation:
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