The following link is for the United States International Trade Commission database on current tariffs that the
Question:
The following link is for the United States International Trade Commission database on current tariffs that the United States has in place:
https://dataweb.usitc.gov/tariff/database
This link is for the US Customs and Border Protection information center about countries with which the United States does not currently have normal trade relations:
https://help.cbp.gov/s/article/Article-310?language=en_US
Use these links to answer the following questions.
A) Which countries does the United States not have normal trade relations with (aka. has "Column II" relations)?
B) Suppose you wanted to import zinc (100% pure zinc) from Mongolia. The United States has normal trade relations with Mongolia but otherwise no other trade agreements. Suppose you had a choice of how to classify your imports: either under code "26080000: Zinc ores and concentrates" or "79070060: Zinc, articles." Would the choice of how to classify the imports matter? If so, when would you prefer to import under code "26080000:Zinc ores and concentrates"?
C) Suppose you wanted to import zinc from Peru. The United States has a trade agreement with Peru:the "Peru-United States Trade Promotion Agreement." Suppose you had a choice of how to classify your imports:either under code "26080000: Zinc ores and concentrates" or "79070060:Zinc, articles." Would the choice of how to classify the imports matter?If so, when would you prefer to import under code "26080000: Zinc ores and concentrates" if the zinc is valued at $2.80/kg? (Hint: if the "Peru FTA Preference" in the database is "not eligible," then assume Peru pays the "Normal Trade Relations" tariff on the product).
D) Suppose you wanted to import zinc from Cuba. Suppose you had a choice of how to classify your imports: either under code "26080000: Zinc ores and concentrates" or "79070060: Zinc, articles." Would the choice of how to classify the imports matter? If so, when would you prefer to import under code "26080000:Zinc ores and concentrates"?
