When the United States increased tariffs on steel to help protect its steel manufacturers,this is known as ________.

Question

Quizplus · Accepted Answer

The term used to describe the action of increasing tariffs to protect domestic industries is protectionism. This is a measure taken by a government to shield their local industries, such as steel in this case, from foreign competition. Thus, the correct answer is D) protectionism.

When the United States Increased Tariffs on Steel to Help