On the basis of retaliation, tariffs can be of the types of
A)Revenue and protective tariffs
B)Retaliatory and countervailing tariffs
C)Non-discriminatory and discriminatory tariffs
D)Double column or multiple tariffs

Question

Quizplus · Accepted Answer

Retaliatory and countervailing tariffs are specifically designed as a response to unfair trade practices by other countries, such as dumping or subsidies, making them directly related to the concept of retaliation.

On the Basis of Retaliation, Tariffs Can Be of the Types