The phrase "domestic producers" refers to companies or businesses that operate within a particular country, producing or manufacturing goods or providing services within that country's borders. Full definition
The crisis has also influenced Chinese consumers to purchase milk and dairy products from foreign brands which may now have a competitive advantage over domestic producers of milk. (daxueconsulting.com)
In some cases, the outcome will be a large expansion of two - way trade in a particular sector but with little net impact on total shipments by domestic producers. (asiapacific.ca)
This transfer is usually economically inefficient because the benefits that domestic producers receive from a tariff will generally be less than the costs to domestic consumers. (theconversation.com)