Tariffs and non-tariff barriers

Tariffs are taxes imposed by a government on imported goods, making them more expensive to protect local industries or generate revenue. Non-tariff barriers are other measures that restrict imports, such as quotas (limits on quantities), licenses, standards, or policies that make it harder for foreign products to enter a market. Both tools influence international trade by controlling the flow of goods, either through costs or regulations, affecting prices, competition, and access to markets for companies worldwide.