Protectionism is the policy some countries have of helping their own industries by putting a large tax on imported goods or by restricting imports in some other way.
[business]
...talks to promote free trade and avert increasing protectionism.
protectionism in American English
(prəˈtɛkʃənˌɪzəm)
noun
Economics
the system, theory, or policy of protection
Derived forms
protectionist (proˈtectionist)
noun, adjective
Examples of 'protectionism' in a sentence
protectionism
Admittedly there are some horrendous policy promises, of which trade protectionism is the most worrying.
Times, Sunday Times (2016)
Next year the US will have an administration committed to trade protectionism.
Times, Sunday Times (2016)
The false promise of protectionism must be resisted.
Times, Sunday Times (2009)
The opposite of protectionism is free trade.
Thackrah, J. R. Twentieth Century History - Basic Facts (1985)
We also have to cope with shrinking external demand caused by the global economic downturn and trade and investment protectionism.
Times, Sunday Times (2009)
The regressive economic policy was protectionism.
Times, Sunday Times (2008)
But trade protectionism is bad policy.
Times, Sunday Times (2016)
In the league table of terrible ideas in economic policy, trade protectionism is top.
Times, Sunday Times (2015)
We fret about the unfairness of eurozone bailouts, want more free trade and less protectionism.
Times, Sunday Times (2016)
We also continue to be presented with a false dichotomy - free trade versus protectionism.
Times, Sunday Times (2009)
It's a kind of warped trade protectionism.
Times, Sunday Times (2010)
It has previously expressed concern about the rise of economic protectionism in continental Europe.
Times, Sunday Times (2006)
People talked about increased protectionism and regulation, but the voice of reason has prevailed.
Times, Sunday Times (2009)
Trade protectionism is a self-defeating policy.
Times, Sunday Times (2015)
England stoked fears about a global currency war by warning yesterday that failure to tackle international imbalances could lead to a disastrous bout of trade protectionism.
Times, Sunday Times (2010)
There are always costs in a policy of trade protectionism, which are paid for by consumers with higher prices and by the wider economy.
Times, Sunday Times (2016)
We need to support trade, discourage protectionism, and take forward structural reforms.
Times, Sunday Times (2010)
That's why many G20 countries talk up trade while implementing protectionism.
Times, Sunday Times (2009)
Free trade - unlike protectionism - stands up to the most detailed of economic scrutiny.
Times, Sunday Times (2009)
The Free World economy may collapse again into economic nationalism and protectionism.
Peter F. Drucker MANAGING FOR RESULTS (1986)
As we go forward, we should embrace a collective commitment to encourage open trade and investment, while resisting the protectionism that would deepen this crisis.