Question

Which term refers to a U.S foreign policy tool in which the government imposes trade penalties tariffs import and export quotas and trade barriers on the other nations

Answer 1

Economic sanctions I believe

Answer 2

The correct answer is: "protectionism".

Protectionism is a manner of designing foreign trade economic policies that consists on imposing trade barriers (tariffs, quotas, etc) on imports, so that products from other countries cannot compete in equal conditions with national products and services. This process is opposite to liberalism or to the establishment of free markets and trade agreements.