1. An economic system in which a government protects domestic industries from foreign competition through tariffs, quotas, subsidies, and other trade barriers
The country adopted a protectionist economy to shield its manufacturing sector from cheaper imports.
O país adotou uma economia protecionista para proteger seu setor de manufatura de importações mais baratas.
2. Economic policies aimed at promoting domestic production and employment by restricting or discouraging foreign trade
During the crisis, the government shifted towards a protectionist economy with new import duties.
Durante a crise, o governo mudou para uma economia protecionista com novas tarifas de importação.