A trade barrier refers to any government-imposed restriction or measure that hinders international trade between countries. It can take various forms, including tariffs (taxes on imported goods), quotas (limits on the quantity of imported goods), embargoes (complete bans on certain imports or exports), subsidies (financial assistance or incentives for domestic industries), import licenses (permission required to import certain goods), and technical barriers to trade (regulations and standards that can make it difficult for foreign companies to enter a market). The primary purpose of trade barriers is to protect domestic industries and producers from foreign competition, but they can also lead to higher prices for consumers, reduced market access for exporters, and limited competition and innovation within domestic markets.
A trade barrier is a government-imposed restriction or policy that limits or obstructs international trade between countries. These barriers can take various forms and are typically implemented to protect domestic industries, ensure national security, or address other economic concerns. Trade barriers can include tariffs (taxes on imported goods), import quotas (limits on the quantity of goods that can be imported), subsidies to domestic industries, regulatory obstacles, and other measures that increase the cost or restrict the flow of imports or exports.
