Applied Tariffs definition
Applied Tariffs. The current tariff rates being charged on the import of products. Applied tariffs may be below or equal to bound tariffs, but may not exceed them. Average Tariff: The simple average of all applied ad valorem tariffs (tariffs based on the value of the import) applicable to the bilateral imports of countries. This rate is calculated by adding up all the tariff rates and dividing this by the number of import categories.