07
Apr
Uncertainty—arising from financial upheavals, pandemics, geopolitical strains, or sudden technological disruption—places pressures that often push governments and electorates toward protectionist responses. Such protectionist stances grow out of fear, political motivations, and deliberate strategic choices. This article examines the forces that rekindle protectionism in challenging times, highlights them through examples from past and present, explains the economic dynamics and consequences at play, and outlines policy options that can reduce the inclination to retreat behind trade barriers.Historical pattern and recent examplesProtectionism is not a modern anomaly. The 1930s Smoot-Hawley tariffs are the classic example: the United States raised tariffs in an effort…