Rebecca Geldard
February 7, 2025
This video is part of: Centre for the New Economy and Society
Protectionism involves restricting imports, often by putting tariffs on them to defend industries from foreign competition. In the short term, protectionism can boost domestic economies, creating jobs and swelling government revenues. But it can also reduce consumer choice and lead to trade retaliation from other nations along with a more uncertain global economic environment.
Rebecca Geldard
February 7, 2025