Trade Restrictions

Trade restrictions are measures imposed by governments to control the amount or types of goods and services that can be imported or exported. These can include tariffs (taxes on imports), quotas (limits on quantities), and bans on specific products. The purpose of trade restrictions can vary, such as protecting local industries, ensuring national security, or responding to unfair trade practices. While they can help domestic businesses, trade restrictions may also lead to higher prices for consumers and strained international relations, as they can limit competition and reduce market access for foreign companies.