Trade Barriers

Quota A county will not allow more than 200,000 phones to be imported Tariff A country wants to protect the auto industry, so it has added a tax on the price of imported cars Subsidy A country is paying a certain amount of money to soy bean farmers to reduce the cost of growing and selling soybeans Embargo A country refuses to trade with another country Standard A country will not import clothing from any country that does not abide by child labor laws Sanction A country will punish another country in order to get them to change something they are doing - example = apartheid