Scenario 9.3 Use the following to answer the questions.
The United States believes China is selling its steel products in the U.S. at unfairly low prices. For many years, domestic steelmakers have complained, saying that they cannot compete against the influx of Chinese steel entering the market. China denies that it is engaging in such behavior. However, the United States has announced that imports of Chinese steel products will now be more expensive-in some cases, by as much as 265.79%. American steelmakers believe this is the only way they will be able to compete against Chinese steel imports.
Refer to Scenario 9.3. The reason Chinese steel products will be expensive is because the U.S. government is levying __________ against them.

Question

Quizplus · Accepted Answer

The scenario states that "imports of Chinese steel products will now be more expensive - in some cases, by as much as 265.79%." This indicates that the U.S. government is imposing import tariffs on Chinese steel products, which is a tax levied on imported goods. Therefore, choice D (import tariffs) is the correct answer.