President Bill Clinton attempted to protect American firms from foreign competition by placing a government tax on Japanese automobiles imported to the United States.President Clinton's goal was to raise the price on Japanese imports,thereby encouraging American consumers to purchase American-made automobiles.The tax the President threatened to impose is an example of a __________.

Question

Quizplus · Accepted Answer

The tax on Japanese automobiles imported to the United States is an example of a tariff, which is a tax on imported goods.

President Bill Clinton Attempted to Protect American Firms from Foreign