Question: Below is the contract to export US toothpaste products to China. Invoice = $20,000; Insurance = $1,000; Freight = $2,500 Here is the tariff schedule

Below is the contract to export US toothpaste products to China.

Invoice = $20,000; Insurance = $1,000; Freight = $2,500

Here is the tariff schedule information to export US toothpaste to China.

#1 Tariff Treatment General Rate: Tariff Calculation 150%, Calculation Base: CIF

#2 Tariff Treatment Most Favoured Nations (MFN) Rate: Tariff Calculation 28%, Calculation Base: CIF (CURRENT DATA)

Please calculate the tariff for this contract to export US toothpaste products to China.

Question options:

$6,580

$675

$35,250

$1,175

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