The contention that tariffs should be imposed to when a foreign government provides financial assistance its producers is
A)a national defense concern.
B)the infant industry argument.
C)dumping.
D)to counter foreign subsidies.

Question

Quizplus · Accepted Answer

Imposing tariffs to counter foreign subsidies is a way to level the playing field and prevent foreign producers from having an unfair advantage over domestic producers in the international market. By subsidizing certain industries, foreign governments can lower the production costs of their producers, which can lead to them being able to offer goods at lower prices than domestic producers. Imposing tariffs can offset the competitive disadvantage this creates for domestic producers.

The Contention That Tariffs Should Be Imposed to When a Foreign