Protectionism

{
  "id": "MLC-T-LAW-003988",
  "term": "Protectionism",
  "field": "Law",
  "definition": "An economic policy framework where a government implements measures to restrain international trade, primarily to shield domestic industries from foreign competition. Methods include imposing tariffs on imported products, setting import quotas, and establishing non-tariff barriers such as stringent product standards. These policies contrast with free trade, which advocates for the removal of such governmental restrictions.",
  "url": "https://mlchart.com/terminology/law/protectionism/"
}