Trade limitations refer to restrictions or barriers imposed on the exchange of goods and services between different states or countries. These limitations can include tariffs, quotas, or other regulations that hinder free trade.
Related terms
Tariffs: Taxes imposed on imported goods, making them more expensive and less competitive in the market.
Quotas: Fixed limits set on the quantity or value of certain products that can be imported/exported within a specified time period.
Protectionism: The economic policy of shielding domestic industries from foreign competition through measures like trade restrictions.