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'''Protectionism''' refers to protecting domestic workers and businesses against competition by foreign businesses. The term is often used in a pejorative sense to criticize [[tariffs]] and other measures that have the effect of helping [[Americans]] in an economic sense.
'''Protectionism''' refers to protecting domestic workers and businesses against competition by foreign businesses. The term is often used in a pejorative sense to criticize [[tariffs]] and other measures that have the effect of helping [[Americans]] in an economic sense. It is related to the philosophy of [[economic nationalism]].
[[Free trade]] was historically considered the opposite of protectionism; however, modern free trade ''agreements'' (such as [[NAFTA]]) consist of the presence of laws rather than the absence of them, which could be interpreted as protectionism.
[[Free trade]] was historically considered the opposite of protectionism; however, modern free trade ''agreements'' (such as [[NAFTA]]) consist of the presence of laws rather than the absence of them, which could be interpreted as protectionism.