Tariffs, Quotas, Embargos Barriers In Southwest

Tariffs, Quotas, Embargos Barriers in Southwest Asia By: Amari Smith

What are tariffs? • Tariffs- Is a duty imposed on goods when they are moved across a political boundary. • Tariffs is a process when goods are shipped in from another country are taxed. Which makes things more expensive to buy which also mens less people will buy it. •

What are Quotas • Quotas- Is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that enters a country. • It sets a limit on how many goods enter a country • This makes people make less money! 

Embargo Barriers • Embargo is Basically a barrier that blocks trade from a country. • This is a punishment for countries that we have conflicts with. • People don’t get any money, and people also don’t get any trade.