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Name:
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... that compete with foreign exporters, there will be indirect employment losses in other sectors. Not only will jobs be lost in the tariff-levying country’s own export industries, as incomes and import levels in foreign countries decrease, but also in industries that distribute or use imported goods b ...
PROTECTIONISM
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Name:
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Protectionism

Protectionism is the economic policy of restraining trade between states (countries) through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and services produced domestically.This policy contrasts with free trade, where government barriers to trade are kept to a minimum. In recent years, protectionism has become closely aligned with anti-globalization and anti-immigration. The term is mostly used in the context of economics, where protectionism refers to policies or doctrines which protect businesses and workers within a country by restricting or regulating trade with foreign nations.
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