Definition of protectionism in English:

protectionism

noun

Economics
  • [mass noun] The theory or practice of shielding a country's domestic industries from foreign competition by taxing imports.

    • ‘They oppose industrial policy, nationalisation and protectionism.’
    • ‘Moreover, the smaller the country, the greater will be the pressure to opt for free trade rather than protectionism.’
    • ‘He tried to persuade organized labor that free trade and not protectionism was in its interests.’
    • ‘We don't have to choose between strict protectionism and unregulated free trade.’
    • ‘He promoted economic nationalism, protectionism, and further cuts in social spending.’

Pronunciation:

protectionism

/prəˈtɛkʃ(ə)nɪzəm/