mercantilism
noun [ U ]
uk/ˈmɜːkəntɪˌlɪzəm/ us COMMERCE, ECONOMICS, GOVERNMENT
the idea that a country's government should try to influence trade and business, especially by encouraging exports and putting limits on imports:
With the philosophy of mercantilism, trade concessions are only made in response to those made by another government.
mercantilist
adjective
mercantilist trade policies