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A retaliatory tariff is a tax that is imposed by one country because Another Country increased their tax rate. This is an act that is done in retaliation.
What else can I help you with?
How would you match each type of tariff A revenue tariff B protective tariff with its purpose C retaliatory tariff 1 earn money for the government 2 engage in a trade war 3 help domestic producers?
Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war
What are types of tariff with an example of its use?
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
What is retaliatory duty?
My interpretation is when someone gives one some kind of "crappy" chore to do when they are mad at them or to get back at them for doing something someone didnt like.
What is the purpose of the Economy 7 tariff?
The purpose of the Economy 7 tariff was to provide a cheaper alternative to electricity for residents in the United Kingdom. With this offer, residents would get a 20 percent cheaper rate than average.
What two American tariffs stood as barriers to trade with Europe?
Two significant American tariffs that acted as barriers to trade with Europe were the Tariff of 1828, also known as the "Tariff of Abominations," and the Smoot-Hawley Tariff of 1930. The Tariff of 1828 aimed to protect northern industries by imposing high duties on imported goods, which angered southern states reliant on trade. The Smoot-Hawley Tariff raised duties on hundreds of imports, leading to retaliatory tariffs from other nations and exacerbating the Great Depression by significantly reducing international trade.
How would you match each type of tariff A revenue tariff B protective tariff with its purpose C retaliatory tariff 1 earn money for the government 2 engage in a trade war 3 help domestic producers?
Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war
Retaliatory tariff is?
A retaliatory tariff is a tax that is imposed by one country because Another Country increased their tax rate. This is an act that is done in retaliation.
What type of tariff is used to fight against protectionist policies by another country?
Retaliatory.
What are types of tariff with an example of its use?
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
Why did the smoot-hawlay tariff act backfire?
The act brought retaliatory tariff acts from foreign countries, U.S. foreign trade suffered a sharp decline, and the depression (etc...)
What was Fordney-McCumber tariff?
The Fordney-McCumber Tariff of 1922 was a law in the United States that created a Tariff Commission to raise or lower rates by 50%. This was a post-World War I Republican defense against expected Europeans exports. Retaliatory tariffs sprang up.
What is retaliatory duty?
My interpretation is when someone gives one some kind of "crappy" chore to do when they are mad at them or to get back at them for doing something someone didnt like.
The purpose of a protective tariff?
tax
What purpose does a tariff serve?
The purpose of a revenue tariff is to earn money for the govrnment.
What is a purpose of a revenue?
The purpose of a revenue tariff is to earn money for the govrnment.
What was the Fordney- McCumber Tariff?
The Fordney-McCumber Tariff of 1922 was a law in the United States that created a Tariff Commission to raise or lower rates by 50%. This was a post-World War I Republican defense against expected Europeans exports. Retaliatory tariffs sprang up.
What is the purpose of a purpose of a protective tariff?
protect home industries from foreign competition
