Costs and Benefits of Import Quotas

In 1980, automobile manufacturers in the United States asserted that import quotas be instituted on for eign-pr oduced vehicles marketed in the United States- In a critical essay, elaborate on the costs and benefits of this policy and approach- Is the policy in effect? How have non-U-S- manufacturers responded? Summarize the effects and discuss the trends since 1980- Support your findings with additional academic references-