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Consider Yinka Shonibare's Cake Man and discuss the significance of the use of textiles in the work.
Tariff
A tax imposed by a government on goods and services imported from other countries, intended to increase their price and make domestic products more competitive.
Most-Favored-Nation Status
A trade status granting a nation the best trading terms available to any other nation, such as lowest tariffs or highest import quotas.
Negotiated Tariff Rates
Tariff rates determined through bargaining between countries, rather than set unilaterally, often resulting in lower duties.
Free-Trade Zone
A designated area where goods can be imported, stored, handled, manufactured, or reconfigured without being subject to import duties.
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