What is trade protectisum?

Trade protectionism is an economic policy aimed at shielding a country's domestic industries from foreign competition. This is typically achieved through measures such as tariffs, quotas, and subsidies, which make imported goods more expensive or limit their availability. While protectionism can help local businesses and preserve jobs in the short term, it may also lead to higher prices for consumers and strain international relations. Ultimately, it can hinder overall economic growth by reducing competition and innovation.