Trade Barriers

Trade barriers are restrictions governments use to control the amount of foreign goods entering their country. Common types include tariffs (taxes on imports), quotas (limits on the quantity of goods), and subsidies (financial support to local businesses). These measures aim to protect domestic industries, promote local employment, and enhance national security. While they can help local economies, trade barriers can also lead to higher prices for consumers and strained international relationships, as they may provoke retaliatory actions from other countries. Overall, they influence global trade dynamics and economic interactions between nations.