Reported 1 day ago
Tariff and non-tariff barriers are crucial tools in international trade that regulate imports and exports. Tariffs are taxes on imported goods that aim to protect domestic products by making foreign goods more expensive. In contrast, non-tariff barriers include various regulations such as quotas and standards that restrict trade without direct taxation. Both types impact consumer prices, product availability, and global trade dynamics, necessitating careful evaluation by investors and businesses.
Source: YAHOO