Limiting world trade

Description

Limiting world trade involves implementing measures such as tariffs, quotas, and import restrictions to control the flow of goods and services across borders. The primary intent is to protect domestic industries, preserve jobs, and address trade imbalances or unfair practices. This strategy remedies problems like market flooding, loss of local competitiveness, and economic dependency by fostering self-sufficiency and stabilizing national economies, while also enabling governments to respond to social, environmental, or security concerns.