Whirlpool asked the United States to impose ________ on washing machine imports made by LG Electronics and Samsung Electronics, both South Korean companies, to raise the price of these products. Whirlpool accused these companies of selling below fair market value and receiving anticompetitive export subsidies from their governments, both of which could jeopardize American jobs.
A) boycotts
B) quotas
C) sanctions
D) tariffs
E) embargoes

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods to make them more expensive and protect domestic industries from foreign competition. Whirlpool sought tariffs to raise the price of washing machine imports from LG and Samsung.

Whirlpool Asked the United States to Impose ________ on Washing