Question

Tax on imports is an example of __________

• A. Indirect tax
• B. Trade barrier
• C. Sales tax
• D. Direct tax

Answer 1

Answer: (B)

Trade barrier

Any restriction imposed on the free flow of trade is a trade barrier. Trade barriers can either be tariff barriers (the levy of ordinary negotiated customs duties in accordance with Article II of the GATT) or non-tariff barriers, which are any trade barriers other than tariff barriers

Tax on imports is an example of Trade Barrier.