The EU bans imports of any U.S. agricultural product that has been treated with growth hormones. In response, the United States triples tariffs on imports of selected European products. This would be an example of a protective tariff.

Question

Quizplus · Accepted Answer

The statement accurately describes the implementation of a protective tariff as a response to the EU ban on U.S. agricultural products treated with growth hormones. A protective tariff is intended to protect domestic industries from foreign competition, and in this scenario, the United States is using tariffs to retaliate against the EU's restriction on U.S. agricultural products.

The EU Bans Imports of Any U