trade protection

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Definitions from WordNet

Noun trade protection has 1 sense

protection, trade protection - 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"
--₁ is a kind of imposition, infliction

Definitions from the Web

Trade Protection

Description:

Trade protection refers to government measures or policies implemented to control or limit the importation of goods or services in order to protect domestic industries and markets. It is commonly used to shield domestic producers from foreign competition or to support domestic employment.

Examples of Use:

Noun: The government's trade protection policies have resulted in an increase in the price of imported goods.
Noun: The trade protection measures implemented by the country's leaders aim to boost the local industry.
Verb: The government decided to trade protect its steel industry by imposing higher tariffs on imported steel.
Verb: Trade protectionism can sometimes lead to retaliation and trade wars between countries.

Related Products:

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