The Chinese government charges exorbitant taxes on imported steel in order to protect its state-owned steel corporation.This _____ China has also serves to hinder the growth of hundreds of privately held manufacturing companies in China that see imported steel as a way to make prices more competitive.
A) quota
B) export duty
C) boycott
D) tariff
E) WTO violation

Question

Quizplus · Accepted Answer

The statement mentions that the Chinese government charges exorbitant taxes on imported steel, which indicates the use of a tariff. A quota refers to a limit or restriction on the quantity of imports, which is not mentioned in the statement. An export duty is a tax on goods being exported, which is not applicable in this context. A boycott refers to a refusal to buy certain goods or services, which is not mentioned in the statement. A WTO violation refers to actions that contravene the rules and agreements of the World Trade Organization, which is not explicitly stated in the statement.

The Chinese Government Charges Exorbitant Taxes on Imported Steel in Order