3891EconomicsMedium
The U.S has granted China permanent most favored nation treatment (normal trade relations) This means that the tariff schedules which apply to U.S imports from china?
Ahave tariff rates that are identical to the rates that apply to other countries to which the U.S grants most-favored nation treatment
Bhave lower tariff rates than the rates that apply to any other country sending goods to the United States
Chave lower tariff rates than the rates that apply to other countries to which the U.S grants most favored nation treatment
Dhave tariff rates equal to zero suggesting a free trade policy for the United States
Correct answer
A. have tariff rates that are identical to the rates that apply to other countries to which the U.S grants most-favored nation treatment
Explanation
The correct answer is have tariff rates that are identical to the rates that apply to other countries to which the U.S grants most-favored nation treatment.