President Bill Clinton attempted to protect American firms from foreign competition by placing a government tax on Japanese automobiles imported to the United States. President Clinton's goal was to raise the price on Japanese imports, thereby encouraging American consumers to purchase American-made automobiles. The tax the president threatened to impose is an example of a

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The tax imposed by President Clinton on Japanese automobiles is an example of a tariff, which is a tax placed on imported goods to raise their price and make them less competitive in the domestic market. This was intended to encourage American consumers to buy American-made automobiles instead.

President Bill Clinton Attempted to Protect American Firms from Foreign