Recently,the United States imposed a 35% tariff on Chinese tire imports in hopes of sustaining U.S.jobs in tire manufacturing.This addition of tariffs is an example of

Question

Quizplus · Accepted Answer

The imposition of tariffs on Chinese tire imports is a clear example of increasing protectionism. Protectionism is the policy of imposing restrictions on international trade in order to protect domestic industries from foreign competition. In this case, the U.S. government imposed tariffs on Chinese tires to protect domestic tire manufacturing jobs from being lost to cheaper Chinese imports.

Recently,the United States Imposed a 35% Tariff on Chinese Tire