What are examples of modern day mercantilism?

Answer 1

Modern-day mercantilism can be seen in practices like trade protectionism, where countries impose tariffs and quotas to protect domestic industries. For instance, the U.S. and China have engaged in trade wars, implementing tariffs on each other's goods to bolster local economies. Additionally, strategic government interventions, such as subsidies for key industries or the promotion of national champions in technology and manufacturing, reflect mercantilist principles aimed at achieving trade surpluses and economic self-sufficiency.