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The U.S. Uses a Harmonized Tariff Schedule That

Question 197

Multiple Choice

The U.S. uses a Harmonized Tariff Schedule that:


A) completed a 25-year formal governmental transfer from specific to ad valorem tariffs on all products
B) adopted the GATT tariff schedules set forth by the Community of Nations Accord signed in Paris in 1982
C) were developed by a group of countries to standardize the ways goods are classified by customs officials worldwide
D) provide for specific exemptions from WTO tariff schedules
E) bring U.S. tariffs in line with tariffs imposed on goods imported into foreign trade zones and duty-free ports

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