Tariff and non tariff barriers

The United States imposes a 25% tariff on imported steel, calculated as a percentage of the steel’s value.

• A) Ad Valorem Tariff
  
  
  

• B) Specific Tariff

• C) Compound Tariff

• D) Seasonal Tariff

The European Union has implemented a carbon border adjustment mechanism that imposes a fee on imported goods based on their carbon emissions.

• B) Import Duty

• A) Environmental Tariff
  
  
  

• C) Export Tax

• D) Value-Added Tax

A country charges a fixed fee per ton of imported sugar, regardless of its market value.

• B) Ad Valorem Tariff

• D) Quota

• A) Specific Tariff
  
  
  

• C) Compound Tariff

The government applies a tax on imported automobiles that is based on both the value of the car and a fixed amount per vehicle.

• B) Ad Valorem Tariff

• D) Import Quota

• A) Compound Tariff
  
  
  

• C) Specific Tariff

In India, overly complex procedures and excessive paperwork at the ports often result in significant delays and increased costs for imported electronics.

• A) Import Licensing
  
  
  

• B) Customs Procedures and Administrative Delays

• C) Quota

• D) Anti-Dumping Measures

Both the European Union and the United States have imposed extra duties on imported Chinese solar panels to counteract the unfairly low prices of Chinese panels

• Voluntary Export Restraints
  
  
  

• B) Anti-Dumping Measures

• C) Specific Tariff

• D) Import Licensing

The United States puts a ban against North Korea, banning virtually all trade with that nation due to political reasons.

• A) Embargo
  
  
  

• B) Quota

• C) Anti-Dumping Measures

• D) Subsidies to Domestic Producers

Mexico requires that all imported electronic goods undergo conformity testing by a designated local agency before they can be sold.

• A) Import Licensing
  
  
  

• B) Technical Standards and Regulations

• C) Quota

• D) Anti-Dumping Measures

Brazil imposes a higher tariff on imported fruit during its domestic harvest season to protect local farmers from cheap imports.

• A) Ad Valorem Tariff
  
  
  

• B) Specific Tariff

• C) Seasonal Tariff

• D) Compound Tariff

China mandates that at least 50% of the components used in assembling automobiles sold in its market must be sourced locally.

• A) Quota
  
  

• B) Domestic Content Requirement
  

• C) Subsidies to Domestic Producers

• D) Voluntary Export Restraint