Trade, Tariffs, Imports, Exports Antidumping Duties The procedure for imposing antidumping duties involves two U S government agencies the International Trade Commission (ITC) and the International Trade Administration (ITA) The ITC is an independent agencythat makes recommendations to the president concerning temporary import restrictions The ITC assesses the effects of dumping on domestic businesses The ITA is part of the Department of Commerce and decides whether import sales were at less than fair market value The ITA determination establishes the amount of antidumping duties, which are set to equal the difference between the price charged in the United States and the price charged in the exporting country A duty may be retroactive to cover past dumping incidents Minimizing Trade Barriers To minimize international trade barriers, most of the world's leading trade nations abide by the World Trade Organization (WTO) Each member country agrees to treat other members at least as well as it treats the country that receives its most favorable treatment (normal trade relations (NTR) status) European Union (EU) This regional trade association minimizes trade barriers among its member nations North American Free Trade Agreement (NAFTA) NAFTA created a regional trading unit consisting of Mexico, the United States, and Canada The goal is to eliminate tariffs in the region on substantially all goods over a period of fifteen to twenty years, while retaining tariffs on goods imported from other countries Central American Dominican Republic Free Trade Agreement (CAFTA DR) CAFTA DR aims to reduce tariffs and improve market access among Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States The citizens of the United States of America have elected a new President (President Trump) who is very outspoken Generally speaking the United States of America accounts for approximately 5 of the world's population and almosy 1 3 of total global spending on Research and Devolpment (for new products and technologies) How much influence does the United States of America actually have on the policies and perceptions of the rest of the world's leaders, govenrments and people How much influence does President Truump have How much influence do our American businesses have Our Products Our entertainment industtry What do you think

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 07, 2024

Trade, Tariffs, Imports, Exports & Antidumping Duties The procedure for imposing antidumping duties involves two U.S. government agencies:the International Trade Commission (ITC) and the International

Trade, Tariffs, Imports, Exports & Antidumping Duties

The procedure for imposing antidumping duties involves two U.S. government agencies:the International Trade Commission (ITC) and the International Trade Administration (ITA).The ITC is an independent agencythat makes recommendations to the president concerning temporary import restrictions.The ITC assesses the effects of dumping on domestic businesses.The ITA is part of the Department of Commerce and decides whether import sales were at less than fair market value.The ITA determination establishes the amount of antidumping duties, which are set to equal the difference between the price charged in the United States and the price charged in the exporting country.A duty may be retroactive to cover past dumping incidents.

Minimizing Trade Barriers

To minimize international trade barriers, most of the world's leading trade nations abide by the World Trade Organization (WTO). Each member country agrees to treat other members at least as well as it treats the country that receives its most favorable treatment (normal trade relations (NTR) status).

European Union (EU)

This regional trade association minimizes trade barriers among its member nations.

North American Free Trade Agreement (NAFTA)

NAFTA created a regional trading unit consisting of Mexico, the United States, and Canada. The goal is to eliminate tariffs in the region on substantially all goods over a period of fifteen to twenty years, while retaining tariffs on goods imported from other countries.

Central American-Dominican Republic Free Trade Agreement (CAFTA-DR)

CAFTA-DR aims to reduce tariffs and improve market access among Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States.

The citizens of the United States of America have elected a new President (President Trump) who is very outspoken.Generally speaking the United States of America accounts for approximately 5% of the world's population and almosy 1/3 of total global spending on Research and Devolpment (for new products and technologies).

How much influence does the United States of America actually have on the policies and perceptions of the rest of the world's leaders, govenrments and people?

How much influence does President Truump have?

How much influence do our American businesses have?

Our Products?

Our entertainment industtry?

What do you think?