Asked by LaQuesha Jewell on May 31, 2024
Verified
The average tariff on imports into the United States is less than 5 percent.
Average Tariff
The average rate of duty or tax levied on imported goods.
Imports
Goods or services bought from foreign countries for domestic consumption or use.
- Scrutinize the monetary repercussions of tariffs, quotas, and subsidies on internal and external markets.
Verified Answer
SE
Shawndavia EdwardsJun 01, 2024
Final Answer :
True
Explanation :
As of the latest data, the average tariff rate on imports into the United States is indeed less than 5 percent, reflecting the country's generally liberal trade policies and its participation in numerous free trade agreements.
Learning Objectives
- Scrutinize the monetary repercussions of tariffs, quotas, and subsidies on internal and external markets.