If Canada applies a 30% tariff to Swiss watches, then Canada is prohibited by WTO rules from applying a 40% tariff on similar watches from Germany. Which concept best applies to this scenario? A. Most-favored nation B. Dumping C. Subsidies D. Sanctions
If Canada applies a 30% tariff to Swiss watches, then Canada is prohibited by WTO rules from applying a 40% tariff on similar watches from Germany. Which concept best applies to this scenario? A. Most-favored nation B. Dumping C. Subsidies D. Sanctions
Chapter28: International Trade
Section: Chapter Questions
Problem 13P
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Question
If Canada applies a 30% tariff to Swiss watches, then Canada is prohibited by WTO rules from applying a 40% tariff on similar watches from Germany. Which concept best applies to this scenario?
A. Most-favored nation
B. Dumping
C. Subsidies
D. Sanctions
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