GLOSSARY

Trade Barriers

Any government law, regulation, policy, or practice that is designed to protect domestic products from foreign competition or artificially stimulate exports of particular domestic products.

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What is Trade Barriers?

Trade barriers are government-imposed regulations that include tariffs, quotas, and non-tariff barriers.

A tariff is a tax imposed on imported goods and services.

A quota is a government-imposed limit on the quantity of a good or service that can be imported or exported.

Non-tariff barriers (NTBs) are government measures that restrict international trade other than tariffs. NTBs can include various types of regulations or even subsidies.

They ultimately end up affecting things such as cost, quantity, and type of good available for importers to purchase and ship to the United States.

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