The U.S. takes action to prevent an influx of new vehicles manufactured in China by Chinese corporations from being imported and entering the marketplace, which will reduce competition for U.S. auto manufacturers. This policy purposely raises import barriers to prevent unfair trade practices and is termed

Question

Quizplus · Accepted Answer

Protectionism refers to government actions and policies that restrict or restrain international trade, often with the intent of protecting local businesses and jobs from foreign competition. In this scenario, raising import barriers to reduce competition for U.S. auto manufacturers is a form of protectionism.

The US Takes Action to Prevent an Influx of New Vehicles