Real World Examples of Protectionism

Type of Protectionism	Definition	Real World Example + Link
Tariff	Tax imposed when a good/service is imported in the country	“Congress is considering slapping a tariff on Chinese imports as retaliation for China’s stubbornness over currency policy,and such a move could have implications for green-energy stocks.”   Tariff Example
Quota	Limitation on the quantity that must not be exceeded, such as an import quota	“Private English-medium schools on Thursday hinted at a fee hike to make up for the mandatory 25 per cent reservation of seats for underprivileged students.   The Right to Free and Compulsory Education Act, a piece of central legislation the state government has announced it would implement, makes it mandatory for all schools to set aside a quarter of their seats for poor students who won’t be charged fees.” Quota Example
Subsidy	A grant provided for the government to benefit the public	“The government is weighing the feasibility of subsidizing in-vitro fertilization (IVF) treatment in an effort to slow the continuing decline in the birth rate, a Department of Health (DOH) official said Saturday.   If the subsidy program is adopted and offered to infertile couples, the official said, the numb” Quota Example

 

 

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