Trade Barriers

   

A tax imposed on a product when it is imported into a country. It makes foreign products more expensive, which means that consumers have to pay more. In south west Asia if Israel puts tariffs on turkey then they'll want to put tariffs on Israel. That might cause a tit for tat war.







Import Quota is a type of protectionist trade

restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. They are used to benefit the producers of a good in a domestic economy at the expense of all consumers of the good in that economy. And also can cause trade war.







A government order prohibiting trade with another countries. They will prohibit all people in that country from doing business with them. If china sent us tires but we didn’t like them then we would give them a trade embargo to stop them from sending tires.