What are trade barriers?
An example of an AI chatbot conversation about trade barriers and their impact on global trade.
What are trade barriers?
Trade barriers are government-imposed restrictions on international trade, such as tariffs and quotas.
Can you explain how tariffs work?
Tariffs are taxes imposed on imported goods, making them more expensive and less competitive compared to local products.
What are some examples of non-tariff barriers?
Non-tariff barriers include quotas, import licenses, and standards that restrict imports without using tariffs.
How do trade barriers affect consumers?
Trade barriers can lead to higher prices and fewer choices for consumers, as they limit competition from foreign products.
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