_______________ refers to a tariff levied by one country in response to tariffs imposed by another country.

Name: _______________ refers to a tariff levied by one country in response to tariffs imposed by another country.
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Question

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Countervailing tariffs are put in place by a country in response to tariffs imposed by another country. The purpose of countervailing tariffs is to retaliate against the other country's tariffs by making imported goods more expensive, thereby protecting the domestic market.

_______________ Refers to a Tariff Levied by One Country in Response