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Why Does the Tariff System Vary from Country to Country

question 28

Essay

Why does the tariff system vary from country to country? Explain,giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs.What are the conditions under which GATT allows the use of preferential tariffs?

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Definitions:

Hydrogen Bonds

Hydrogen bonds are a type of weak chemical bond that is formed when a hydrogen atom, covalently bonded to a more electronegative atom or group, is attracted to another electronegative atom.

Nitrogenous Base

An organic molecule that makes up the building blocks of nucleic acids, such as DNA and RNA, including adenine, thymine, guanine, cytosine, and uracil.

Nucleic Acids

Complex organic substances that constitute the genetic material of living cells; DNA and RNA.

Nitrogen

A chemical element with the symbol N and atomic number 7, essential for all living organisms as it makes up a part of all proteins and nucleic acids.

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