president obama’s administration promoted a more dynamic approach to developing a grand strategy by employing a strategy of protectionism.

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05-12-2022
Social Studies

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president obama’s administration promoted a more dynamic approach to developing a grand strategy by employing a strategy of protectionism.

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DevanshChh DevanshChh · Answer 1 · 2022-12-11T03:35:06-05:00

True. President Obama and his admiration actively worked towards implementing a strategy of protectionism.

What is protectionism?

The economic policy of limiting imports from other countries through means such as tariffs on imported goods, import quotas, and a range of other governmental regulations is known as protectionist, also known as trade protectionism. Supporters contend that protectionist measures benefit domestic producers, companies, and workers in the industry that competes with imports from international rivals. Opponents contend that protectionist measures hinder trade and have a negative impact on both the producers and employees in export-related industries in the country enacting the policies as well as in the nations shielded from them (by increasing the cost of imported goods).

To know more about protectionism check out:

https://brainly.com/question/1616157

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