The main objective of protectionist trade policies is to

Question

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Protectionist trade policies are designed to shield local producers from foreign competition. This is achieved by imposing tariffs, quotas, and other barriers to trade that make it more difficult or expensive for foreign firms to sell their goods in the domestic market. The rationale behind these policies is to protect domestic industries from being undercut by cheap imports, which can lead to layoffs, lower wages, and economic decline in affected areas. While protectionism may provide some short-term benefits to specific industries or regions, it often leads to inefficiencies, higher prices for consumers, and retaliation from trading partners, which can ultimately harm the economy as a whole.

The Main Objective of Protectionist Trade Policies Is to