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| The following questions refer to Side Bar: Key Provisions of the GATT. a. If the United States applies a tariff to a particular product (e.g., steel) imported from one country, what is the implication for its steel tariffs applied to all other countries according to the “most-favored-nation” principle? b. Is Article XXIV an exception to most favored nation treatment? Explain why or why not. c. Under the GATT articles, instead of a tariff, can a country impose a quota (quantitative restriction) on the number of goods imported? What has been one exception to this rule in practice? |
