Protectionist policies are government measures designed to restrict international trade to protect domestic industries from foreign competition. These policies can take various forms, such as tariffs, quotas, and subsidies, and they aim to encourage local production while reducing reliance on imported goods. Such measures often come into play during trade wars, influencing the dynamics of global markets and impacting economic relationships between countries.
congrats on reading the definition of Protectionist Policies. now let's actually learn it.