What is tariff structure?

A tariff structure refers to the organization and classification of tariffs imposed on goods and services by a government. It typically outlines the rates and categories of tariffs applied, which can vary based on factors like the type of product, its origin, and trade agreements. This structure can influence international trade, pricing, and economic relationships between countries, as it determines the cost of Importing and Exporting goods. Different tariff structures may include specific duties, ad valorem rates, or preferential rates for certain countries.