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identify whether the following events indicate tariff, quota or embargo. Activity 2 Trade Barrier Identification Identify whether the following events indicate tariff, quota or embargo.

identify whether the following events indicate tariff, quota or embargo.

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Activity 2 Trade Barrier Identification Identify whether the following events indicate tariff, quota or embargo. 1. Company XYZ produces cheese in Scotland and exports the cheese, which costs $100 per pound, to the United States. A 20% tax would require Company XYZ to pay the United States government 520 to export the cheese. 2. In 2010, Mexico imposed a limit of 250,000 tons of sugar that could be imported into Mexico. 3. In 1962, the United States prohibited all imports and exports to and from Cuba. 4. In 2006, the United Nations Security Council unanimously adopted a resolution to restrict the export to and the Import from Iran on certain items and technology potentially related to nuclear weapons. 5. In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent. 6. In 2005, the United States limited the imports of Chinese textiles to 7.5% a year. 7. In 2012, the United States Commerce Department announced that it would impose a tax ranging from 2.9% to 43% on Chinese made solar panels. 3. In June of 2013, the European Union described to lift restrictions of the trade of weapons to Syrian rebels. 9. In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States. 10. Argentina increased taxes to 9% on the import of milk powder after record levels of imports and fears Argentina farmers would suffer falling Incomes

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