2018
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
$250-million
|
|
|
$240-million
|
|
|
$220-million
|
|
|
$230-million
|
Detailed explanation-1: -You’ll need to pay customs duty (or import tax) on any goods you move across the US border from India, though goods from some countries are exempt due to different international trade agreements.
Detailed explanation-2: -Meaning of retaliatory tariff in English a tax that a government charges on imports to punish another country for charging tax on its own exports: China responded by saying it would impose retaliatory tariffs on a broad range of US products. Compare.
Detailed explanation-3: -The United States has remained India’s largest trading partner, with exports of goods and services to the United States worth $102.3 billion. The United States continues to have a trade deficit with India, which stood at -$45.5 billion in 2021.