Restrictions on free trade Flashcards
1
Q
examples of countries using tariffs
A
americas import tarrif on electric vehicles to 100% from 25% from china
1 – The Bahamas (18.56%) …
2 – Gabon (16.93%) …
3 – Chad (16.36%) …
4 – Bermuda (15.39%) …
5 – Central African Republic (14.51%)
England uses VAT for the tariffs
2
Q
examples of of counties using quotas
A
China has a quota on Cambodian rice exports of 300,000 tonnes per year.21 Feb 2019