What are the examples of international trade barriers?

Answer 1

International trade barriers include tariffs, which are taxes imposed on imported goods, making them more expensive and less competitive compared to domestic products. Non-tariff barriers, such as quotas that limit the quantity of goods that can be imported, and stringent regulations or standards that foreign products must meet, also restrict trade. Additionally, subsidies provided to domestic industries can create an uneven playing field by lowering their production costs relative to foreign competitors. Lastly, import licenses and customs procedures can further complicate and hinder international trade.