Unit 4.2: Types of trade protectionism
This page covers the different types of trade barriers. It includes an analysis of tariffs, quotas, trade subsidies and administrative barriers. Definition Tariffs are taxes imposed on imported goods as they enter the domestic economy. The individual or organisation importing the good must pay the tariff. An example of a tariff is the tariff the US imposes on imported bicycles. Diagram 4.20 shows the US market for...