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protectionism
(redirected from Tariff reform)

    Also found in: Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
Protectionism
Notion that governments should protect domestic industry from import competition by means of tariffs, quotas, and other trade barriers.
protectionism
The establishment of barriers to the importation of goods and services from foreign countries in order to protect domestic producers. Protectionism generates higher consumer prices. It is also likely to penalize domestic exporters because foreign countries are apt to retaliate with trade barriers of their own.


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