A country sometimes uses high tariffs to protect its new and developing industries. What are two examples of new and developing industries either in the United States or in other countries? Do you think that such industries should be protected?

Question

Carissa

Business

31 December, 12:44

A country sometimes uses high tariffs to protect its new and developing industries. What are two examples of new and developing industries either in the United States or in other countries? Do you think that such industries should be protected?

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Answers (1)

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Colin Brandt · Answer 1

See explanation section.

Explanation:

Renewable energy from USA and Artificial intelligence from China and Singapore are the two examples of new and developing industries across the globe.

From my perspective, I believe that renewable energy should not necessarily be protected. Artificial intelligence (AI), on the other hand, should be protected. As there are a lot of high-tech countries to produce AI products, China or Singapore should impose high tariffs on imported AI to protect its AI industry. Otherwise, Germany or the USA will replace the AI sector of Singapore or China.