Real World Protectionism

Type of Protectionism	Definition	Real World Examples
Tariffs	A tariff is a tax levied onto an imported good or service.	The U.S. put a tariff on French cheese in order to protect the domestic and perhaps inferior production of cheese. http://www.guardian.co.uk/world/2009/jan/17/france-america-import-tariffs
Quotas	Import quotas are physical restriction on the quantity of a good that is imported into a country.	Russia puts a quota on the amount of meat imports such as foreign poultry and pork in order to protect the domestic farmers. The Russia raised the quota, however, in order to let more imports in. http://www.worldpoultry.net/news/russia-meat-import-quotas-for-2010-set-4617.html
Subsidies	Subsidies are financial assistances that are provided to suppliers in order to keep the market from declining.	The U.S. subsidizes renewable energies such as wind, solar, and geothermal energy in order to protect these more expensive forms of energy production. They are deciding whether to renew the subsidies. http://www.nytimes.com/2010/07/29/opinion/29thu3.html?_r=1&ref=crop_controls_and_subsidies

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