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This is not just external protectionism: it threatens the EU's single market.The commission says it is responding to demands from European leaders, at a summit in 2010, for greater "reciprocity" in dealings with the world.
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The Chinese manufacturers "face challenges of decreasing margins, decreasing exports, lack of capital, protectionism and an external environment that continues to deteriorate," said the official, Chen Huiqing, the deputy director for solar products at the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.
The bottom line is that the ECB is on a gradual path of monetary policy normalisation for now, but risks from protectionism, a further slowdown in external demand, domestic political instability, Brexit and volatility in financial markets cast a dark shadow on the ECB's plans.
A ban on foreign words meanwhile can be seen as a form of linguistic protectionism, intended to safeguard Russian culture from external influences, thereby helping advance Putin's second pillar of nationalism.
From the rank rhetoric of Trump, France's Marine Le Pen or Germany's AfD and Pegida to the simplistic protectionism of Spain's Podemos or Greece's Syriza, protest against external force majeure is feted, while the job of getting on with government, structuring solutions to long-term indebtedness and tussling with the impact on economies of globalisation and automation are ignored.
The very real risk is that a crisis rooted in the malgovernance of the financial sector will encourage European states to adopt a less liberal stance on external economic policies across the board – and that a wounded Europe will retreat into a new protectionism, notwithstanding the G20's non-committal stance.
It is true that endogenous protectionism can arise in almost any economy if we assume some adjustment costs and persistent external volatility in the terms of trade.
Does monetary protectionism breed traditional protectionism?
"We're against protectionism.
Rising protectionism invites retaliation.
Protectionism saves jobs!
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com