Final answer:
Two possible ways of reducing protectionism are tariff reduction and promoting free trade.
Step-by-step explanation:
Protectionism can be reduced through several methods:
- Tariff reduction: One possible way to reduce protectionism is to lower tariffs or eliminate them altogether. Tariffs are taxes imposed on imported goods, and reducing them can encourage international trade by making foreign products more affordable. For example, a country can negotiate trade agreements to lower tariffs on specific products or industries.
- Promoting free trade: Another way to reduce protectionism is to advocate for free trade policies. Free trade involves the removal of barriers to trade, such as import quotas and nontariff barriers. By promoting the benefits of free trade, countries can create incentives for governments to adopt more open trade policies.