_______ are taxes on an imported good or service intended to punish a trading partner.
A)Retaliatory taxes
B)Quotas
C)Applied tariffs
D)Punitive tariffs
E)Bound tariffs

Question

Quizplus · Accepted Answer

Punitive tariffs are used to punish a trading partner by imposing taxes on their imported goods or services. They are often used as a response to unfair trade practices, such as dumping or government subsidies, or to retaliate against trade barriers imposed by the trading partner.

_______ Are Taxes on an Imported Good or Service Intended