Concerning tariff policy, the United States does not charge?
Correct answer: D. identical tariff rates in products from all countries of the world
- A. lower tariff rates on goods from nations with normal trade relation status
- B. lower tariff rates on goods from nations with most favored nation status
- C. low or zero tariffs on goods from certain developing countries
- D. identical tariff rates in products from all countries of the world
Explanation
The United States applies different tariff rates through normal or most-favored-nation rates and preferential schemes for some developing countries. It therefore does not charge identical tariffs on products from every country.
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