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Protectionism in the United States is protectionist economic policy that erects tariffs and other barriers on imported goods. This policy was most prevalent in the 19th century. At that time, it was mainly used to protect Northern industries and was opposed by Southern states that wanted free trade to expand cotton and other agricultural exports.
Opponents argue that protectionist policies reduce trade, and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries against which the protections are implemented. [1]
Trump took his trade rhetoric to new heights in a series of events this week, doubling down on up to 200% tariffs on autos from Mexico and even raising the possibility of targeting specific ...
Non-tariff barriers to trade (NTBs; also called non-tariff measures, NTMs) are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs. Such barriers are subject to controversy and debate, as they may comply with international rules on trade yet serve protectionist ...
The U.S. has a proud and successful history of leading the charge for open and fair trade. Amid growing protectionism and authoritarianism around the globe, our government must stand firm in ...
The first Trump presidency upended U.S. trade policy by using every potential policy lever to shift the longstanding position of the U.S. on free trade into a more nationalist and populist platform.
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As a policy is a deliberate system of principles to guide decisions and achieve rational outcomes, the following list of would be examples of an economic nationalistic policy, where there is consistent and rational doctrine associated with each individual protectionist measure: