If exports are being excluded unfairly from a market,the World Trade Organization (WTO)may authorize

Question

Quizplus · Accepted Answer

Retaliatory tariffs may be authorized by the WTO if exports are being excluded unfairly from a market. This means that the affected country can impose tariffs on imports from the country that is unfairly excluding their exports, as a way to put pressure on them to remove the unfair barriers. Quotas may also be used, but they limit the amount of exports that can enter a market, whereas retaliatory tariffs do not have an explicit limit. Other nontariff barriers may be used as well, but retaliatory tariffs are a common response to unfair exclusion of exports.

If Exports Are Being Excluded Unfairly from a Market,the World