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- Dictionarypro·tec·tion·ism/prəˈtekSHəˌniz(ə)m/
noun
- 1. the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports.
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noun
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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 competito... Wikipedia