Trade Barriers

Company XYZ produces cheese in Scotland and exports the cheese, which costs $100 per pound, to the United States. A 20% tax would require Company XYZ to pay the United States government $20 to export the cheese. This is a(n)...

• Tariff

• Quota

• Embargo

In 2010, Mexico imposed a limit of 250,000 tons of sugar that could be imported into Mexico. This is a(n)...

• Tariff

• Quota

• Embargo

In 1962, the United States prohibited all imports and exports to and from Cuba. This is a(n)...

• Tariff

• Quota

• Embargo

In 2006, the United Nations Security Council unanimously

adopted a resolution to restrict the export to and the import from Iran on certain items and technology potentially related to nuclear weapons. This is a(n)...

• Tariff

• Quota

• Embargo

In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent. This is a(n)...

• Tariff

• Quota

• Embargo

In 2005, the United States limited the imports of Chinese textiles to 7.5% a year. Is this a(n)...

• Tariff

• Quota

• Embargo

In 2012, the United States Commerce Department announced that it would impose a tax ranging from 2.9% to 4.7% on Chinese made solar panels. This is a(n)...

• Tariff

• Quota

• Embargo

In June of 2013, the European Union described to lift restrictions of the trade of weapons to Syrian rebels. This is a(n)...

• Tariff

• Quota

• Embargo

In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States. This is a(n)...

• Tariff

• Quota

• Embargo

Argentina increased taxes to 9% on the import of milk powder after record levels of imports and fears Argentina farmers would suffer falling incomes. This is a(n)...

• Tariff

• Quota

• Embargo