Recently, the United States imposed a 35 percent tariff on Chinese tire imports in 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 on imports is a classic example of protectionism, where a country seeks to protect its domestic industries from foreign competition by making imported goods more expensive.

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