protectionism

/pɹəˈtekʃənɪzəm/

IPA: /P R AH0 T EH1 K SH AH0 N IH0 Z AH0 M/

noun
  1. 1

    A system or policy of protecting the domestic producers of a product from foreign competition by imposing tariffs, quotas, duties or other barriers on importations.

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Source: https://en.wiktionary.org/wiki/protectionism

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