trade barrier

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trade barrier

A country imposes a trade barrier by raising tariffs on imported goods.

Definition

Noun: A government-imposed restriction that limits the free exchange of goods and services between countries. Its primary purpose is to protect domestic industries from foreign competition.

Usage

A "trade barrier" is a singular noun. It refers to a specific measure or a category of measures. * Tariffs and import quotas are classic examples of a trade barrier. * The new subsidy for local farmers acts as a trade barrier for imported produce. * Economists often debate the effectiveness of a trade barrier in the long term.

Examples
  • The country imposed a high trade barrier on luxury cars to encourage local manufacturing.
  • Negotiations focused on removing the trade barrier that limited textile imports.
  • A complex licensing requirement can function as a non-tariff trade barrier.
Advanced Usage
  • "to erect/raise a trade barrier": To implement or increase a restriction.
    • The government decided to erect a new trade barrier to protect its nascent solar panel industry.
  • "to lower/reduce/remove a trade barrier": To decrease or eliminate a restriction.
    • The agreement's goal is to remove the trade barrier completely within five years.
Variants and Related Words
  • Trade Barriers (plural noun): The general term for all such restrictions collectively.
    • The report analyzed the impact of various trade barriers on global supply chains.
  • Barrier to trade (noun phrase): A synonymous phrase, often used interchangeably.
    • Excessive paperwork can be a significant barrier to trade.
Synonyms
  • Import restriction: A barrier specifically limiting goods coming into a country.
  • Protectionist measure: A policy designed to shield domestic industries, often involving a trade barrier.
Related Terms (Contextual)
  • Tariff: A tax on imports, which is a common type of trade barrier.
  • Quota: A physical limit on the quantity of a good that can be imported, another type of trade barrier.
  • Embargo: An official ban on trade, representing an extreme form of trade barrier.
trade barrier

A country imposes a trade barrier by raising tariffs on imported goods.

Noun
  1. any regulation or policy that restricts international trade

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