Trade Barrier

A trade barrier is any government policy or regulation that makes it more difficult or expensive to buy or sell goods and services across borders. Examples include tariffs (taxes on imports), import quotas (limits on the quantity of goods), and licensing requirements. These barriers are often used to protect domestic industries from foreign competition, control the flow of goods, or address economic or political concerns. While they can support local businesses, trade barriers can also increase prices for consumers and reduce the variety of available products.