trade barrier

trade barrier definition - business

trade barrier

A government restriction that limits international trade of goods and services. For example, in March 2002, President Bush established a trade barrier by imposing quotas on the importation of certain types of steel into the United States.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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