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Question
Which of the following is not an instance in which the U.S. Trade Representative may take retaliatory action against a foreign country?a. The foreign country's policies violate the legal rights of the U.S. and restrict U.S. commerce.
b. The foreign government permits forced labor.
c. The foreign government's policies are unreasonable or discriminatory and burden or restrict U.S. trade or foreign investment.
d. None of the above is discretionary, rather, retaliation by the U.S. Trade Representative is mandatory in all three instances.
Answer
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Related questions
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a. Idling of productive facilities in the industry.
b. Unemployment in the industry.
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d. Increase in imports.
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The U.S. law that protects against "fairly traded" imported products is:
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b. Antidumping statute.
c. Escape clause.
d. Import relief.
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The GATT Agreement on Safeguards permits a member state to increase tariffs on an imported product in order to allow a domestic manufacturer to successfully introduce a competitive product in the domestic market.
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The president can provide import relief in the form of temporary tariff increases or quotas without having to consult any other organization.
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Dumping does not occur when there is no market for the product in the home country.
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b. II only.
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