Why do governments regulate international trade?

Question

Quizplus · Accepted Answer

Governments regulate international trade for multiple reasons. They may impose tariffs or other trade barriers to protect domestic industries, such as imposing tariffs on imported steel to protect domestic steel manufacturers. Governments may also regulate trade to raise revenue for the government by imposing tariffs or other taxes on imported goods. Additionally, governments may regulate trade to pursue other economic objectives, such as promoting fair and open competition or encouraging foreign investment in domestic industries.

Why Do Governments Regulate International Trade