Vocab Bloom Hub

trade protection

/treɪd prəˈtekʃən/

1 entry

phrase

/treɪd prəˈtekʃən/C1formalpolitical
  • ruЭкономическая политика или меры, вводимые правительством для защиты отечественных отраслей от иностранной конкуренции, обычно с помощью тарифов, квот или субсидий.

Economic policies or measures implemented by a government to shield domestic industries from foreign competition, typically through tariffs, quotas, or subsidies.

  1. Economic policyC1formal

    Government actions and policies that restrict international trade to protect domestic industries from foreign competition.

    ruЭкономическая политика

    • Trade protection often involves tariffs and quotas on imported goods.
    • The government implemented trade protection to support local farmers.
    • Economists debate whether trade protection helps or harms the economy.