trade protection Synonyms
No Synonyms and anytonyms found
trade protection Meaning
Wordnet
trade protection (n)
the imposition of duties or quotas on imports in order to protect domestic industry against foreign competition
trade protection Sentence Examples
- Trade protection measures aim to safeguard domestic industries from foreign competition.
- The government imposed tariffs on imported goods as a form of trade protection.
- The country's import substitution policy was driven by a desire for trade protection.
- Trade protection can lead to higher consumer prices and reduced economic efficiency.
- The United States has a long history of using trade protectionist policies.
- The World Trade Organization (WTO) seeks to reduce trade protection and promote free trade.
- Developing countries often argue that trade protection is necessary to protect their infant industries.
- The debate over trade protection is complex and involves a range of economic, social, and political factors.
- Some analysts believe that trade protection can be justified in certain circumstances, such as national security concerns.
- Trade protectionism is generally considered a protectionist measure that restricts international trade.
FAQs About the word trade protection
the imposition of duties or quotas on imports in order to protect domestic industry against foreign competition
No synonyms found.
No antonyms found.
Trade protection measures aim to safeguard domestic industries from foreign competition.
The government imposed tariffs on imported goods as a form of trade protection.
The country's import substitution policy was driven by a desire for trade protection.
Trade protection can lead to higher consumer prices and reduced economic efficiency.
