"Increased protectionism" refers to a situation where a country or government adopts policies to protect their own industries and economy from foreign competition, through measures like tariffs or trade barriers. It aims to safeguard local businesses and jobs but may restrict international trade and potentially lead to higher prices for consumers.
Full definition
Synonyms for individual words can be found below.
«increased»
«protectionism»
Sentences with «increased protectionism»
- In addition, the country's low - end manufacturing has become less competitive because of increased protectionism around the world and weakening global demand. (morganstanley.com)
- The greatest risk to the markets right now may actually be the potential for increased protectionism. (blackrockblog.com)
- These risks include increased protectionism, reduced competitiveness of Canadian firms in the event of corporate tax cuts in the United States, and possible delays in the implementation of pro-growth US policies. (bankofcanada.ca)
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