trade sanctions

trade sanctions definition - finance
A penalty, applied by one country against another, that restricts trading activity. Trade sanctions may involve goods that are prohibited from being imported. A country also may assess excise duties on particular goods in retaliation for another countryÂ’s trade sanctions.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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