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1 dictionary results for: trade barriers
American Heritage New Dictionary of Cultural Literacy, Third Edition - Cite This Source - Share This
trade barriers

Tariffs, import quotas, customs regulations, and other disincentives meant to discourage international trade.

Note: Trade barriers are usually protectionist; that is, they are erected to protect domestic producers who would not be able to compete successfully with foreign producers in a free market or in free trade.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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