Question
1.The United States issued a 300% tariff on all Roquefort cheese imported into the United States from France. The tariff was imposed as a penalty
1.The United States issued a 300% tariff on all Roquefort cheese imported into the United States from France. The tariff was imposed as a penalty against France because it refused to import hormone fed beef from the United States. Roquefort is considered the King of cheeses in France and this tariff is seen as a symbolic move.
a.Suppose a specialty cheese store in Washington Imports $USD30,000 worth of Roquefort cheese. Calculate the tariff on the cheese.
b.Who wins and who loses with the tariff? Be specific.
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Dynamic Business Law The Essentials
Authors: Nancy Kubasek, Neil Browne, Daniel Herron
2nd edition
978-0077630430, 77630432, 73524972, 978-0073524979
