trade barrier

noun

Pronunciation: treɪd ˈbæriər

Definition

A government-imposed restriction on the free international exchange of goods or services.

Examples

• The new trade barrier significantly increased the cost of importing raw materials.

• Economists argue that every trade barrier ultimately harms the domestic consumer by limiting choice.

• Negotiators met in Geneva to discuss how to lower the trade barrier between the two nations.

Synonyms of trade barrier

Words with a similar meaning to trade barrier:

• tariff
• restriction
• quota
• protectionism

Antonyms of trade barrier

Words with the opposite meaning to trade barrier:

• free trade

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