Foreign trade zones are ports of entry that assess special duties or tariffs on products entering them that are less than the duties imposed on general trade zones.

Question

Quizplus · Accepted Answer

Foreign trade zones are actually areas within the United States where foreign goods can be stored, manufactured, and/or processed without being subject to duties or tariffs until they enter the domestic market. Therefore, they do not assess special duties or tariffs on products entering them that are less than the duties imposed on general trade zones, and the statement is false.

Foreign Trade Zones Are Ports of Entry That Assess Special