All the acronyms and terminology of the EU debate.

Trade Barriers

Trade barriers are government-induced restrictions on international trade.

A trade tariff is a tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers.

A non-tariff barrier is a form of restrictive trade where barriers to trade are set up and take a form other than a tariff. ┬áNon-tariff barriers include regulatory compliance, quotas, levies, embargoes, pre-shipment inspections, sanctions,┬árules of origin (‘made in’), and are frequently used by large and developed economies.

Reference Wikipedia

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