Vocabulary - Trade wars & tariffs

A/An _____ between two countries can harm global supply chains.

• trade war
• import restrictions
• misallocation

The government imposed new _____ on imported steel.

• tariffs
• inefficiency
• stock market

China responded with _____ on American goods.

• foreign investments
• retaliatory tariffs
• trade wars

Tariffs and quotas are common _____.

• trade barriers
• trade blocs
• misallocation

Some countries use _____ to support local businesses.

• protectionism
• economic nationalism
• trade imbalance

A/An _____ can cause diplomatic tension.

• economic growth
• trade imbalance
• revenue

Dumping is considered a/an _____.

• manufacturing
• unfair trade practice
• revenue

The government wants to protect _____ from imports.

• supply chains
• domestic industries
• globalization

The trade war has hit the _____ sector hard.

• manufacturing
• economic
• misallocation

_____ countries suffer when demand falls.

• trade blocs
• trade war
• export-dependent