Search results
Results From The WOW.Com Content Network
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.
Protectionist measures included tariffs and quotas on imported goods, along with subsidies and other means, to restrain the free movement of imported goods, thus encouraging local industry. There was a general lessening of protectionist measures from the 1930s onwards, culminating in the free trade period that followed the Second World War.
The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, [1] was a law that implemented protectionist trade policies in the United States.
“Basically, tariffs are harmful to U.S. agriculture, and to California agriculture in particular, because they will invite tariff retaliation.” ... “If a new wave of aggressive protectionist ...
The U.S. amended its protectionist trade policies and moved toward a hands-off approach that favored free trade over tariffs and other barriers. That era lasted from the end of World War II to the ...
Barclays estimates that protectionist policy disruptions to trade between the US and the targeted countries would drag down S&P earnings-per-share growth, ... Tariffs would pull EPS down 1.7% ...
Tariffs have historically served a key role in the trade policy of the United States.Their purpose was to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing imports with domestic production) by acting as a protective barrier around infant industries. [1]
"An intensification of protectionist policies, for instance in the form of a new wave of tariffs, could exacerbate trade tensions, lower investment, reduce market efficiency, distort trade flows ...