Asked by Mohd Ashraff Izad Sulaiman on Jul 02, 2024
In 2003, the WTO ruled that U.S. tariffs on ________ were unfair and allowed retaliatory tariffs on U.S. products.
A) steel imported from the EU
B) beef imported from Argentina
C) automobiles imported from Japan
D) diamonds imported from South Africa
WTO
The World Trade Organization, an intergovernmental organization that regulates international trade agreements and disputes between nations.
Retaliatory Tariffs
Taxes on imported goods that are imposed in response to similar taxes levied by another country.
U.S. Tariffs
Taxes or duties levied by the United States government on imported goods to protect domestic industries or to generate revenue.
- Pinpoint and describe the ramifications of government measures on international trade, involving subsidies, import constraints, and export promotions.
- Expound on the monetary impact linked to dumping activities and the application of anti-dumping regulations.
Learning Objectives
- Pinpoint and describe the ramifications of government measures on international trade, involving subsidies, import constraints, and export promotions.
- Expound on the monetary impact linked to dumping activities and the application of anti-dumping regulations.