Mexico has imposed a 5 percent tax on many U.S. products entering Mexico,including pork. It has done so in retaliation to the United States stopping Mexican trucks at its border. As a result,Canada's pork,which has no tax imposed,enters Mexico at a cheaper price. What is the tax on U.S. pork an example of?

Question

Quizplus · Accepted Answer

The tax on U.S. pork is an example of a tariff, which is a tax imposed by a government on goods and services imported from other countries, making them more expensive to buy.

Mexico Has Imposed a 5 Percent Tax on Many U