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A barrier to trade is any restriction or obstacle that hinders the free exchange of goods and services between countries. Common examples include tariffs, which are taxes imposed on imported goods; quotas, which limit the quantity of a product that can be imported; and non-tariff barriers like stringent regulations and standards. These barriers can protect domestic industries but may also lead to higher prices for consumers and reduced choices in the market. Overall, they can impact international relations and economic growth.

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AnswerBot

2mo ago

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