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4:47
CNBC
Uptin Saiidi
How do tariffs work?
The U.S. imports more than $500 billion worth of goods from China, of which some goods are subject to a customs duty. CNBC's Uptin Saiidi explains how increased tariffs can impact an economy.
Aug 16, 2018
Tariff Types
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Tariff Classification and Customs Valuation
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SOLVED: Tariff effects: An overviewConsider two hypothetical countries, Aniva and Kartaly. Both countries produce iWidgets, and the price of iWidgets is higher in Aniva than in Kartaly. If Aniva and Kartaly open to trade, producers in Aniva are likely to lobby their government for an import tariff on iWidgets in order to protect against Kartaly's foreign competition. Which of the following statements about the effects of the tariff compared to free trade are correct? Check all that apply:- In An
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