Trade BarriersTariff Barriers
Trade barriers, specifically tariff barriers, refer to government-imposed taxes or duties on imported goods and services. These barriers are designed to restrict trade by making imported products more expensive compared to domestic goods, thereby protecting domestic industries from foreign competition. Tariff barriers can take the form of specific tariffs, which are a fixed charge for each unit of imported goods, or ad valorem tariffs, which are calculated as a percentage of the value of the imported goods. Tariff barriers can also be used to generate revenue for the government or to address strategic trade issues such as dumping or unfair competition.