About the Book
Published Date: December 2024
Protectionism, the practice of shielding domestic industries from foreign competition, has surged globally in 2024. With tariffs, quotas, and subsidies, nations aim to safeguard jobs and promote national security. This trend, however, brings economic inefficiencies, higher consumer prices, and strained international relations.
From the U.S. renegotiating trade agreements to the EU imposing retaliatory tariffs, and countries like India increasing import duties, the rise of protectionism highlights growing economic nationalism. As global tensions rise, the incoming Trump administration’s 2025 tariff threats may further fragment the global economy. Understanding this phenomenon is essential to navigating an increasingly protectionist world.
