trade barriers??? write a brief note
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The three major barriers to international trade are natural barriers, such as distance and language; tariff barriers, or taxes on imported goods; and nontariff barriers. The nontariff barriers to trade include import quotas, embargoes, buy-national regulations, and exchange controls.
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A barrier to trade is a government-imposed restraint on the flow of international goods or services.
- Tariffs raise the price of imported goods relative to domestic goods .
- Another common barrier to trade is a government subsidy to a particular domestic industry.
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