economic nationalism

[ ek-uh-nom-ik nash-uh-nl-iz-uhm, nash-nuh-liz-, ee-kuh- ]

noun

1. a protectionist ideology that prioritizes national self-sufficiency and security, typically advocating tariffs and other legislation to resist foreign investment and ensure that international trade results in a trade surplus and military advantage.

Word History and Origins

Origin of economic nationalism¹

First recorded in 1910–15

Example Sentences

After campaigning in 2020 against the broad-based and damaging tariffs Trump imposed, President Biden maintained and even expanded U.S. trade restrictions and other forms of economic nationalism.

From Los Angeles Times

The motivation for such consistency, however, was in large part political: It was an open secret in Washington that Biden’s advisors, needing “Rust Belt” votes to win reelection and facing a vocally protectionist opponent in Trump, viewed economic nationalism as the only viable approach.

From Los Angeles Times

The statement raises questions about whether Trump’s economic nationalism would impede foreign investment in the U.S., and how much he would let politics influence regulatory decisions.

From New York Times

However, candidates also often promote economic nationalism when campaigning.

From Reuters

Former President Donald Trump vowed Wednesday to lead a “revival of economic nationalism” that will protect the auto industry jobs that he said the Biden administration is threatening through its push for electric vehicles.

From Washington Times