protectionism

• Wirtschaftspolitik, die heimische Produzenten vor ausländischer Konkurrenz schützt, meist durch Zölle, Quoten oder andere Handelshemmnisse.

An economic policy of imposing duties or quotas on imports in order to protect domestic industries from foreign competition.

unzählbar

1. Economic policyC1formalpolitical

   The policy of imposing duties or quotas on imports in order to protect home industries from overseas competition.

   Protektionismus

   • The government's protectionism led to higher prices for imported goods.
   • Many economists argue that protectionism can harm global trade.
   • Protectionism is often used to shield emerging industries from foreign competition.

   Antonymeliberalizationopenness