Recently the Japanese government, under pressure from its domestic farm lobby, slapped government taxes on mushrooms, leeks, and the reeds used in tatami mats that were being imported from China.Japan levied
A)GATT taxes.
B)quotas.
C)tariffs.
D)foreign excise taxes.
E)exchange subsidies.

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed by a government on imported goods to make them more expensive than domestic products. In this case, the Japanese government imposed taxes on imported mushrooms, leeks, and reeds used in tatami mats that were brought from China. This was done to protect and promote the domestic production of these goods in Japan, as the domestic farm lobby was putting pressure on the government to do so.

Recently the Japanese Government, Under Pressure from Its Domestic Farm