Taxes, surcharges and duties on foreign products are referred to as:

Name: Taxes, surcharges and duties on foreign products are referred to as:
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Question

Quizplus · Accepted Answer

Tariffs are taxes or fees placed on imported goods. Quotas refer to a physical limit or restriction on the amount of a certain product that can be imported. Embargos are complete bans on trade with a particular country or region. Import restrictions can refer to any form of regulation or limitation placed on the import of foreign goods.

Taxes, Surcharges and Duties on Foreign Products Are Referred to As