00:01
Which type of non -tariff barrier was the cause of a trade war launched by the us against china? so this is the us -china trade war.
00:11
There's been ongoing since, uh, what are doing? since about 2018.
00:21
As we have four possible barriers here.
00:24
Let's go through what they do, first of all.
00:26
So first, what is an import quota? so an import quota is a limit on how much can be imported.
00:33
So it restricts supply.
00:34
It's not what they did.
00:36
It's not what kicked off the trade war.
00:40
So it restricted supply from another country.
00:44
Subsidies.
00:44
So subsidies are assistance provided by the government to a domestic industry to help it compete with foreign industries.
00:52
This is assistance to domestic expires.
01:01
So for example, the us dairy industry is heavily subsidised.
01:05
The government gives money to people who produce dairy...