The U.S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S. by a foreign car manufacturer to be sold in the U.S. What type of tax is the U.S. government imposing?

Question

Quizplus · Accepted Answer

An import tariff is a tax imposed on goods brought into a country from abroad. In this case, the 25 percent tax on foreign SUVs entering the U.S. is an import tariff.

The US Government Imposes a 25 Percent Tax on the Selling