Weegy: Custom duty : A tax levied on imports (and, sometimes, on exports) by the customs authorities of a country to raise state revenue, and/or to protect domestic industries from more efficient or predatory competitors from abroad.
User: What is protectionism?
Weegy: Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and service produced domestically.
User: Define the term trade war.
Weegy: Define means state or describe exactly the nature, scope, or meaning of.
User: Define International Free Trade Agreement.
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