Trade barriers

VOLUNTARY EXCHANGE OF GOODS AND SERVICES AMONG PEOPLE AND COUNTRIES TRADE VOLUNTARY EXCHANGE OF GOODS AND SERVICES AMONG PEOPLE AND COUNTRIES This Photo by Unknown Author is licensed under CC BY-ND

LIMITING TRADE FOR ECONOMIC OR POLITICAL REASONS TRADE BARRIERS LIMITING TRADE FOR ECONOMIC OR POLITICAL REASONS This Photo by Unknown Author is licensed under CC BY-SA-NC

IMPORT GOODS PURCHACED FROM OTHER COUNTRIES. VEHICLES ARE ONE OF THE TOP 3 IMPORTS IN THE US This Photo by Unknown Author is licensed under CC BY-SA

EXPORT GOODS SOLD TO OTHER COUNTRIES ONE OF THE TOP US EXPORTS IS MEDICAL SUPPLIES (ALMOST 6% OF TOTAL EXPORTS) This Photo by Unknown Author is licensed under CC BY-SA This Photo by Unknown Author is licensed under CC BY-SA

TARIFF TAX ON IMPORTS This Photo by Unknown Author is licensed under CC BY

EMBARGO GOVERNMENT ORDER STOPPING TRADE WITH ANOTHER COUNTRY EXAMPLE IN THE 1970S WHEN OPEC PLACED AN EMBARGO AGAINST THE US FOR ITS SUPPORT OF ISRAEL. This Photo by Unknown Author is licensed under CC BY-ND

QUOTA SPECIFIC LIMT PLACED ON THE NUMBER OF IMPORTS THAT MAY ENTER A COUNTRY US HAS HAD A SUGAR QUOTA OF NO MORE THAN 15% OF UNREFINED SUGAR CAN BE IMPORTED INTO THE COUNTRY. This Photo by Unknown Author is licensed under CC BY-NC-ND

SUBSIDY WHEN THE GOVT OF A COUNTRY GIVES MONEY TO A CERTAIN BUSINESS SO THEY CAN CONTINUE TO COMPETE WITH IMPORTS FROM OTHER COUNTRIES. The federal government spends more than $20 billion a year on subsidies for farm businesses. About 39 percent of the nation's 2.1 million farms receive direct subsidies, with the lion's share of the handouts going to the largest producers of corn, soybeans, wheat, cotton, and rice. This Photo by Unknown Author is licensed under CC BY-SA

STANDARDS WHEN THE GOVERNMENT SETS LIMITS AND RULES IN REGARDS TO IMPORTS AND DOMESTIC GOODS. US EXAMPLES: pharmaceutical regulations, car safety laws, environmental standards, and food safety standards  This Photo by Unknown Author is licensed under CC BY-SA-NC