Trade barriers are obstacles that prevent countries from trading with one another. There are three types of trade barriers.
-tariff, a tax put on traded goods -quotas, a limit on the amount of goods and services you can bring into a country -embargos, a complete stop on trade to a certain countries There is another type of trade barrier and it is called a Physical trade barrier, that is when mountains, oceans, deserts, rivers, etc get in the way of trading. There are many benefits to trading in Europe such as: -no trade barriers -competition for goods and services |