Trade protectionism refers to government measures that restrict or block international trade, rather than promoting free trade globally.
Trade protectionism is a term for government measures that restrict or block international trade, rather than promoting and preserving free trade globally. This involves the use of policies such as tariffs, import quotas, and nontariff barriers to shield domestic producers and workers from foreign competition. The aim of protectionist policies is to protect domestic industries, but they can have negative consequences such as higher prices for consumers and retaliation from trading partners.