Under the Offshore Assembly Provision of U.S.tariff policy,U.S.import duties apply only to the value added in the foreign assembly process,provided that U.S.-made components are used by overseas companies in their assembly operations.

Question

Quizplus · Accepted Answer

This statement accurately describes the Offshore Assembly Provision of U.S. tariff policy, where U.S. import duties only apply to the value added in the foreign assembly process if U.S.-made components are used.