Trade Barriers Scenarios

A tax or fee placed on imported (foreign) goods

• Tariff

• Quota

• Embargo

• Trade Barrier

A limit on a specific imported (foreign) good

• Tariff

• Quota

• Embargo

• Trade Barrier

A complete ban on trade between 2 countries

• Tariff

• Quota

• Embargo

• Trade Barrier

an economic decision that slows or prevents trade

• Tariff

• Quota

• Embargo

• Trade Barrier

Company XYZ produces cheese in Scotland and exports the cheese, which costs $100 per pound, to the United States. A 20% tax would require Company XYZ to pay the United States government $20 to export the cheese.

• Tariff

• Quota

• Embargo

In 2010, Mexico imposed a limit of 250,000 tons of sugar that could be imported from other countries.

• Tariff

• Quota

• Embargo

In 1962, the United States prohibited all imports and exports to and from Cuba.

• Tariff

• Quota

• Embargo

In 2006, the United Nations Security Council unanimously adopted a resolution to restrict the export to and the import from Iran on certain items and technology potentially related to nuclear weapons.

• Tariff

• Quota

• Embargo

In 2010, China announced that it would impose an import tax on American poultry of up to 105.4 percent.

• Tariff

• Quota

• Embargo

In 2005, the United States limited the imports of Chinese textiles to 7.5% a year

• Tariff

• Quota

• Embargo