The U.S., a GATT member, lowers its tariffs to Country X, a developing country, but requires the normal tariff for all other countries. The U.S. is most likely using a ________.

Question

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The U.S. is most likely using a generalized system of preferences (GSP) by lowering its tariffs to Country X, which is a developing country. GSP is a system that allows developed countries to grant preferential tariffs to goods originating from developing countries.

The US, a GATT Member, Lowers Its Tariffs to Country X