Học từ vựng | Vocabulary learning |protectionism
protectionism ()
/prəˈtek.ʃən.ɪ.zəm/
/prəˈtek.ʃən.ɪ.zəm/
protecting a country’s trade by taxing foreign goods
Protectionism usually increases the prices of basic goods to the consumer.
Some argue that protectionism in trade can safeguard domestic industries.
The government implemented protectionist policies to shield the local market from foreign competition.
Critics argue that excessive protectionism can hinder global economic cooperation.
Negotiations are ongoing to address concerns related to international protectionism.
