Select the statement that indicates retaliatory protectionism. country x is nation y’s biggest importer. country x imports electronic items, automobile parts, and lcd televisions from nation y. 1.) nation y imports precious metals, minerals, and agricultural products from country x. in 2010, country x imported 20,000 lcd tvs from nation y. in 2013, country x began developing its own lcd tv manufacturing industry. 2.) that year, it asked nation y to limit its lcd tv exports to 120,000 tvs. the tv manufacturing industry in nation y suffered a setback, with revenue losses running into the billions. 3.) soon after, nation y increased tariffs on imports of precious metals from country x. precious metal exporters in country x protest the raised tariff, but nation y did not relent. 4.) to protect its precious metals industry, country x began negotiating deals with other countries. nextreset