1-Chose a good on the US harmonized tariff schedule. What tariff would a member of the...
1-Chose a good on the US harmonized tariff schedule. What tariff would a member of the WTO pay if they wanted to export that good to the United States?
Homework Answers
Good chosen: Watermelon
Import duty rates:
When imported from Dec 1 - March 31 : 9%
When imported at any other time: 17%
Thus, an exporter will have to pay the above mentioned duties if he wishes to export watermelons to US.
Such a strategy is adopted by the US to protect its own domestic watermelon farmers from foreign competition by inflating the prices of imported watermelons.
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1-Chose a good on the US harmonized tariff schedule. What tariff would a member of the...
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