Trade Stoppage (Noun)
Meaning
A government order imposing a trade barrier.
Classification
Nouns denoting communicative processes and contents.
Examples
- A sudden trade stoppage imposed by the government sent shockwaves through the economy as import and export activities came to a grinding halt.
- The recent trade stoppage has resulted in severe shortages of essential goods, forcing citizens to rely on alternative and often more expensive sources.
- The trade stoppage was put in place to give local industries a temporary advantage, but critics argue it will do more harm than good in the long run.
- The immediate effect of the trade stoppage was felt by small businesses that relied heavily on international trade, with many struggling to stay afloat.
- Economists have warned that the prolonged trade stoppage could have far-reaching consequences, including increased inflation and decreased economic growth.