3. Issues in trade liberalization and WTO policies Indicate whether each scenario in the following table...
3. Issues in trade liberalization and WTO policies
Indicate whether each scenario in the following table represents a retaliatory tariff, a safeguard, or an environmental issue.
|
Scenario |
Retaliatory Tariff |
Safeguard |
Environmental Issue |
|
|---|---|---|---|---|
| The United States bans imports of tuna from Mexico that is caught in ways that drown dolphins. | ||||
| The European Union imposes a 5% tariff on paper exports from a country that has violated WTO agreements. | ||||
| The United States imposes higher tariffs on the import of porcelain-on-steel cookware for four years to give domestic producers time to adjust to import competition. |
Which of the following arguments can be used to correctly defend the WTO’s position on emergency protection from imports? Check all that apply.
Safeguards can be used to nourish the domestic industry.
Developing countries benefit from lifting the trade barriers.
Safeguards are a political necessity for the formation of trade liberalization policies.
Homework Answers
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