Is economic protectionism a good strategy in today’s global economy?

Recent economic tensions have renewed debate over protectionist policies such as tariffs and trade barriers.

The United States has signalled a tougher trade stance amid wider political pressure on economic institutions.

Supporters say protectionism can shield domestic industries, protect jobs, and reduce exposure to global shocks.

Critics warn that trade barriers raise prices, disrupt supply chains, and provoke retaliation.

Economists also point to risks for growth and international cooperation.

These developments have prompted debate over whether economic protectionism is an effective strategy in a globalised economy.