Tariffs and import quotas serve to restrict the importation of products, but embargoes completely ban the importation of the specified goods or the products of a particular country.

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Tariffs and import quotas are measures that restrict the amount or increase the cost of imported goods, whereas embargoes are more severe, completely prohibiting the importation of specified goods or all products from a particular country.

Tariffs and Import Quotas Serve to Restrict the Importation of Products