china imposes a 45 percent tax on the market value of all chickens that are imported from the u.s. into china. another name for this type of tax is a(n): group of answer choices

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A tariff or responsibility (the phrases are used interchangeably) is a tax levied by way of governments on the cost including freight and insurance of imported products.

Different tariffs applied on distinctive merchandise via specific countries.

How do taxes on imported goods work?

Taxes on imported goods consist of tariffs and customs duties. Every product is assigned an HTS code which determines the amount of duty owed on a product depending on its u . s . a . of origin. Understanding import taxes is integral to calculating import expenses and making sure you're able to successfully import your goods.

Learn more about tax on imported goods here:

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