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Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.
According to Michael Lind, protectionism was America's de facto policy from the passage of the Tariff of 1816 to World War II, "switching to free trade only in 1945". [ 2 ] There was a brief episode of free trade from 1846, coinciding with the zenith of classical liberalism in Europe, during which American tariffs were lowered.
On April 8, 2005, Landsburg debated protectionism and free trade with John Gibson on the Fox News Channel's The Big Story. [8] Before the 2004 presidential election Landsburg stated that he planned to vote against John Kerry because of his belief that John Edwards , Kerry's running mate , was a " xenophobe " due to his opposition to free trade.
Europe's economy has left stagnation behind but is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the European Union's ...
Switzerland said on Tuesday it was concerned by U.S. President-elect Donald Trump's proposals to raise tariffs and is considering how to respond if his new administration does so. Trump aims to ...
Wanting people to stay in yesterday’s jobs isn’t just bad economics; it’s also weirdly paternalistic, as shown by Cass’ open disdain for our gamer Jalon Az. A young woman of color living ...
Protectionism is the economic policy of restraining trade between states, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to discourage imports, and prevent foreign take-over of native markets and companies. The main emphasis of this policy is the protection of the ...
Here’s why that’s bad news for U.S. leadership. Ed Brzytwa. ... Amid growing protectionism and authoritarianism around the globe, our government must stand firm in defense of those values and ...