global protectionism
noun[U]
ECONOMICSukusactionsofgovernmentsin differentpartsof theworldtohelptheirown country’stradeorindustryby puttingtaxesongoodsboughtfrom othercountriesor bylimitingtheamountofgoodsthat can beimported:
Internationalbusinessleadersvoicedconcernsabout thepotentiallydamagingeffectsofglobalprotectionism.