0
What else can I help you with?
How would different sections of the country react differently to a tariff?
Different sections of the country would react to a tariff based on their economic structures and industries. For instance, regions heavily reliant on manufacturing might support tariffs that protect domestic jobs from foreign competition, while areas focused on agriculture could oppose them due to increased costs for imported goods. Coastal states with significant trade ports might also be critical, as tariffs could disrupt shipping and trade flows. Overall, the reactions would reflect the diverse economic interests and priorities of each region.
What is a tax placed on goods from another country to protect the home industry?
protective tariff
What things have tariffs?
A tariff may be applied by a country A on a product P which is imported from country B. Different countries have different rules about whether or not they impose tariffs depending on the product and partner country. The question, therefore, needs to be more specific.
What is the difference between a tariff and protective tariff?
A tariff is a tax on imports A protective Tariff is a tax on imports to protect an industry in your country by making the imported goods more expensive and less attractive to the consumer. A successful use of this can be seen in the history of Harley Davidson Motorcycles.
When must tariff be paid?
Tariffs must be paid when goods are imported into a country. The payment is typically required at the time of customs clearance, before the goods can be released for distribution. The amount of the tariff is determined based on the value of the goods and the applicable tariff rate set by the government. Failure to pay the tariff can result in penalties, delays, or confiscation of the goods.
How would different sections of the country react differently to a tariff?
Different sections of the country would react to a tariff based on their economic structures and industries. For instance, regions heavily reliant on manufacturing might support tariffs that protect domestic jobs from foreign competition, while areas focused on agriculture could oppose them due to increased costs for imported goods. Coastal states with significant trade ports might also be critical, as tariffs could disrupt shipping and trade flows. Overall, the reactions would reflect the diverse economic interests and priorities of each region.
How might a country react to another country's protective tariff?
Sometimes a country suffering from a protective tariff will enact a tariff of its own on a product.
What is a tax placed on goods from another country to protect the home industry?
protective tariff
Raising the duty on a tariff would negatively affect which sections the most?
west and south
What is the import tariff percentage in India 2011?
The import tariff percentage in India 2011 depends on what goods you are about to import. There are different tariff for different goods.
What things have tariffs?
A tariff may be applied by a country A on a product P which is imported from country B. Different countries have different rules about whether or not they impose tariffs depending on the product and partner country. The question, therefore, needs to be more specific.
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 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 did the tariff of 1816 help finance?
he changed the country
What is a fee a country charges on exports and imports?
It is tariff.
A tax on products being brought into the country.?
tariff
How does a tariff help a country's Gross domestic product on imports?
A tariff adds value to the Gross Domestic Product on imports.
