Countries can implement both tariff and nontariff barriers to limit imports or investment.

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Countries can implement both tariff and nontariff barriers to limit imports or investment. Tariff barriers are taxes applied to imported goods, making them more expensive and less competitive in the domestic market. Nontariff barriers include quotas on imported goods, licensing requirements, technical standards, and other regulations that make it more difficult or expensive to import foreign products. Both types of barriers can be used to protect domestic industries, promote national security, or address environmental or social concerns, but they can also create trade tensions and reduce economic efficiency.

Countries Can Implement Both Tariff and Nontariff Barriers to Limit