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 is a policy where a country imposes restrictions on imports to protect domestic industries from foreign competition.

The US Takes Action to Prevent an Influx of New Vehicles