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🏠 Home › MCQs › International Current Affairs › Question

In international trade policy, what is the primary purpose of a universal baseline tariff?

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By Zain

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Published 22 Feb 2026

A. To eliminate import quotas

B. To promote economic globalization

C. To shield domestic markets from competition

D. To decrease the cost of raw materials

💡 Explanation:

A universal baseline tariff is a protectionist instrument that applies a flat duty to all imports, intended to make foreign goods less competitive and protect domestic industries.

📚 Topics: International Current Affairs

🎯 Exams: CSS PMS UK_CS US_COMP

🏷️ Tags: Economic Policy International Political Economy International Trade Protectionism

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