Question

Officially, the EU tariffs on Chinese and Vietnamese shoe imports are known as:

A) Countervailing duties.
B) Antidumping duties.
C) Specific duties.
D) Ad valorem duties.
E) Temporary surcharges.

Answer 1

The EU tariffs on Chinese and Vietnamese shoe imports are officially known as Antidumping duties. These duties are imposed on imports that are sold below their cost of production as a measure to protect domestic industries from unfair competition.

Step-by-step explanation:

The EU tariffs on Chinese and Vietnamese shoe imports are officially known as Antidumping duties. Antidumping duties are imposed on imports that are sold below their cost of production as a measure to protect domestic industries from unfair competition. These duties increase the price of the imported goods to reflect their cost of production, making them less attractive in the domestic market.