Recently, the United States imposed a 35 percent tariff on Chinese tire imports in the hopes of sustaining U.S. jobs in tire manufacturing. This addition of tariffs is an example of
A) imposing the rule of eminent domain.
B) increasing ethnocentrism.
C) enhancing domestic imperialism.
D) increasing protectionism.
E) slowing countertrade.

Question

Quizplus · Accepted Answer

The imposition of tariffs is a classic example of protectionism, where a country implements trade barriers to protect its domestic industries from foreign competition.

Recently, the United States Imposed a 35 Percent Tariff on Chinese