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Protectionism - Coggle Diagram
Protectionism
tariffs
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example
On March 1, 2018, President Trump announced he would impose a 25% tariff on steel
quotas
definition
a limited quantity of a particular product which under official controls can be produced, exported, or imported.
example
if Country A imposes a limit on the number of cars imported from Country B to, say, 5,000 per year, it is limiting the supply, which also raises the price, thus helping domestic car makers.
embargo
example
definition
form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation
if a company is in debpt, they can get embargados
subsidies
example
definition
A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction
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