Quota- Only allow a certain number of an item or import/export by a country Embargo- Prevent import or export to a set nation or nations Protectionist- belief that trade barriers are keeping jobs in a nation. A weak currency is good for exports. Your product will be cheaper and more people will buy over seas. More people are employed.
A strong currency will slow down trade with other countries and hurt jobs here Strong currency is worth more than another countries. British Pound is now worth $2.50 to our $1. This means the British Pound is stronger than the US Dollar. Trade Barriers are important. They are government regulations. One could be testing standards or quotas. Example- Lead content in toys
Tariffs are taxes placed on imports. They are part of barriers to trade