How can Governments protect Domestic Industries?

-Tariffs: Form of a Tax on Selected Imports. Raising the Price leads to less Demand and helps Domestic Manufactures -Quotas: Fixed which Limits the Quantity of a Good that is Imported -Embargoes: Bans on Certain Products, which are usually for Extreme Goods or Political Reasons. Embargoes usually are more Political -Value of a Currency is Reduced, making Imports more Expensive and Exports Cheaper -Product Standard Regulations: Foreign Firms must comply with a set of Standards before Selling. It can even be about Environment Standards or Animal Welfare -Subsides given to Domestic Industries to give them a Boost