Protectionism
Economic policy of restricting imports
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📌 Topics
- Trade Policy (1)
- Economy (1)
- Politics (1)
🏷️ Keywords
Trump (1) · Tariffs (1) · Trade Deficit (1) · Manufacturing (1) · Protectionism (1) · Economic Policy (1) · Imports (1)
📖 Key Information
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors and raise government revenue. Opponents argue that protectionist policies reduce trade, and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries against which the protections are implemented.
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🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside Protectionism:
- 👤 Donald Trump (1 shared articles)
- 🌐 Tariff (1 shared articles)
- 🌐 Manufacturing (1 shared articles)
- 🌐 Balance of trade (1 shared articles)