The Bulwark Podcast
Will Saletan and Scott Lincicome: A Crime Boss Has Taken Over
Scott Lincecum
No, it's by value. Typically by value. Sometimes they do it by weight or whatever, but most of our tariffs are what we call ad valorem. It's dumb Latin. It just means by value. So if you have a 25% tariff and you're bringing over $100 worth of avocados, you're going to get a bill at the border for $25.
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