Trade Barrier (Noun)
Meaning
Any regulation or policy that restricts international trade.
Classification
Nouns denoting communicative processes and contents.
Examples
- The new tariff imposed by the government is a significant trade barrier that hinders the importing of foreign goods.
- The quotas on textile imports are a trade barrier that affects many countries exporting their products to the US market.
- The World Trade Organization works to dismantle trade barriers and create a more open and competitive global market.
- High tariffs on automobiles create a trade barrier between the US and Japan, making it more difficult for Japanese car manufacturers to sell their vehicles in the American market.
- Some argue that certain safety and environmental standards can be used as a trade barrier to protect domestic industries rather than genuine concerns for public welfare.