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protectionism

protectionismnoun
Translations
The government adopted protectionism to safeguard local industries.
Правительство приняло протекционизм для защиты местных отраслей.
Definitions
The economic policy of restricting imports from other countries through methods such as tariffs, import quotas, and other government regulations to protect domestic industries.
The government adopted protectionism to shield local manufacturers from foreign competition.
Synonyms
trade barriers
economic nationalism
import restrictions
tariff barriers
protectionist policies
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