Protectionism: Difference between revisions
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* [[Tariff]] | * [[Tariff]] | ||
* [[Trade war]] | * [[Trade war]] | ||
* [[Treaty]] | |||
* [[Trumponomics]] | * [[Trumponomics]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
[[Category:Trade_finance]] | [[Category:Trade_finance]] | ||
Latest revision as of 13:31, 18 July 2022
Economics.
Central actions and policies designed to protect domestic businesses against competition from foreign businesses, or businesses external to a trading bloc.
Protectionism can be achieved by imposing tariffs or quotas on imported goods, or granting subsidies or tax advantages to domestic businesses.
The consequence of domestic protectionism, and tit-for-tat retaliatory measures by foreign countries, is to restrict international trade.
Escalated protectionism and retaliation is considered to be a 'trade war'.
