Former U.S. 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:

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A government tax imposed on foreign goods being imported is known as a tariff. This was the action that President Clinton threatened to impose on Japanese automobiles to make them more expensive for American consumers, allowing American producers to have a competing chance. A sanction is a punishment imposed on a country or individual, usually for political reasons. A quota limits the amount of goods that can be imported, while a boycott is a refusal to buy goods or services from a particular country or business.

Former US President Bill Clinton Attempted to Protect American Firms from from Foreign