Question

What are the different types of Trade barriers?

Answer 1

Tariffs, Non-Tariffs, and Quotas. Tariffs are taxes that are imposed by the government on imported goods or services and Non-tariffs are barriers that restrict trade through measures other than the direct imposition of tariffs and the last one Quotas are restrictions that limit the quantity or monetary value of specific goods or services that can be imported over a certain period of time.