Trade barriers are restrictions that countries impose on the exchange of goods and services with other nations. These barriers can take various forms, such as tariffs, which are taxes on imported goods, and quotas, which limit the quantity of a product that can be imported. The purpose of trade barriers is often to protect domestic industries from foreign competition and to promote local economic growth.
Another type of trade barrier is non-tariff barriers, which include regulations and standards that foreign products must meet to enter a market. Examples of non-tariff barriers are strict safety regulations or labeling requirements. While trade barriers can help local businesses, they can also lead to higher prices for consumers and reduced choices in the marketplace.