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Trade Protection (Noun)

Meaning

The imposition of duties or quotas on imports in order to protect domestic industry against foreign competition; "he made trade protection a plank in the party platform".

Classification

Nouns denoting acts or actions.

Examples

  • The government imposed trade protection measures to safeguard the domestic manufacturing sector from cheap imports.
  • The economist argued that trade protection policies often lead to higher prices and reduced consumer choice.
  • The politician's proposal for increased trade protection was met with skepticism by international trade experts.
  • The country's trade protection laws were criticized for being overly restrictive and damaging to international trade relations.
  • The company lobbied for trade protection to prevent foreign competitors from undercutting their prices.

Synonyms

  • Protection

Hypernyms

  • Imposition
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