protectionism

American  

[pruh-tek-shuh-niz-uhm] / prəˈtɛk ʃəˌnɪz əm /

noun

1. Economics. the theory, practice, or system of fostering or developing domestic industries by protecting them from foreign competition through duties or quotas imposed on importations.

2. any program, policy, or system of laws that seeks to provide protection for property owners, wildlife, the environment, etc.

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Other Word Forms

• antiprotectionist noun
• protectionist noun
• protectionistic adjective

Etymology

Origin of protectionism

First recorded in 1855–60; protection + -ism

Example Sentences

Chinese Vice Premier He Lifeng delivered a speech at Davos this week denouncing “rising unilateralism and protectionism” while portraying China as a benefit to the world.

From The Wall Street Journal

"Increasingly, in recent times, we've seen rising protectionism, even prior to the US actions," she said during a debate at the World Economic Forum meeting in eastern Switzerland.

From Barron's

There are plenty of Europeans who would like a bit more protectionism for endangered industries as the threats from China grow.

From The Wall Street Journal

Canada’s Prime Minister took an important step toward reinvigorating his nation’s ties with China and diversifying its trade away from the U.S., as Beijing increasingly seeks to woo U.S. allies frustrated with American protectionism.

From The Wall Street Journal

"In an international scenario of growing protectionism and unilateralism, the agreement is a signal in favour of international trade as a driver of economic growth, with benefits for both blocs," President Lula posted on X.

From BBC