- protectionist
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when a government tries to help industry, farming etc in its own country by taxing foreign goods that compete with it, so limiting the number that can be imported:
• Economists know that protectionism promotes inefficiency and waste.
• protectionism and trade wars
— protectionist noun [countable] :• His reluctance to fight the trade issue politically will only help the protectionists succeed.
— protectionist adjective :• protectionist laws that shield the nation's computer industry from foreign competition
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Ⅰ.protectionist UK US /prəˈtekʃənɪst/ adjective ECONOMICS► protectionist laws or methods are intended to help a country's trade or industry by putting taxes on goods bought from other countries or by limiting the amount of goods that can be imported: protectionist measures/policies »Such protectionist measures penalise exporters in developing countries.
»protectionist laws/measures/legislation
Ⅱ.protectionist UK US /prəˈtekʃənɪst/ noun [C] ECONOMICS► someone who supports helping a country's trade or industry by putting taxes on goods bought from other countries or by limiting the amount of goods that can be imported: »The government has labelled many critics of its booming exports as trade protectionists.
Financial and business terms. 2012.