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Labor Cost
Represents the total expenses incurred by employers to compensate their workforce, including wages, benefits, and taxes.
Ad Valorem Tariffs
A type of tariff calculated as a percentage of the value of the imported goods, as opposed to a fixed fee per unit.
Specific Tariffs
Taxes imposed on imported goods at a specific rate per unit, such as per ton or per item, instead of a percentage of value.
Tariff
A tax imposed on imported goods to protect domestic industries or to generate revenue.
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