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neomercantilism

American  
[nee-oh-mur-kuhn-ti-liz-uhm, -tee-, -tahy-] / ˌni oʊˈmɜr kən tɪˌlɪz əm, -ti-, -taɪ- /

noun

  1. an economic doctrine or policy during the early 20th century that set high tariffs and other import restrictions in order to protect domestic industries.

Etymology

Origin of neomercantilism

neo- + mercantilism

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.