In 2012, the United States imposed countervailing duties ranging from 24 to 36% on imports of about solar panels from China. Which of the following do you predict will happen if the United States decides to eliminate these duties?

Question

Quizplus · Accepted Answer

Eliminating the countervailing duties will lower the cost of importing solar panels from China, making them cheaper in the U.S. market. This reduction in import costs is likely to decrease the price of solar panels in the United States.

In 2012, the United States Imposed Countervailing Duties Ranging from 24