Tariff rates on products imported into the U.S.
A) have dropped substantially over the past 50 years.
B) were prohibited by the constitution
C) reached an all time high in 2002.
D) have risen steadily since 1920.
E) were the government's main source of income in 2006.

Question

Quizplus · Accepted Answer

Tariff rates have indeed dropped substantially over the past 50 years. This is mainly because of the emergence of international trade agreements like GATT and later the WTO, which have encouraged countries to reduce trade barriers, including tariffs, to promote free trade.

Tariff Rates on Products Imported into the U.S