Trade barriers flashcards

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what are Nontariff barriers Licensing requirements, unreasonable quality standards, and the like designed to impede imports
what are protective tariffs excise taxes or duties placed on imported products.
What is an import quota It is the maximum limits on the quantity or total value of specific products imported to a nation.
What are Export subsidies government payments to domestic producers to reduce the world prices of exported goods.
The average U.S. tariff rate on imported goods is about 5%
what did Smoot-Hawley Act do It was an act that established very high tariffs on goods imported to the United States.
The General Agreement on Tariffs and Trade (GATT) is based on the principle of tariff reductions through multilateral negotiations

what are Nontariff barriers

what are protective tariffs

What is an import quota

What are Export subsidies

The average U.S. tariff rate on imported goods is about

what did Smoot-Hawley Act do

The General Agreement on Tariffs and Trade (GATT) is based on the principle of

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