Trade Sanctions
Trade sanctions are trade penalties imposed by a country or group of countries on another country or group of countries. Typically the sanctions take the form of import tariffs (duties), licensing or other administrative regulations. They tend to arise in the context of an unresolved trade or policy dispute.There is disagreement about the fairness of some policy affecting international trade (imports or exports).
Subsidization or the unfair protection of exports of one or more products, or unfairly protecting some sector from competition (from imported goods or services).
Read more about this topic: Economic Sanctions
Famous quotes containing the word trade:
“The very hirelings of the press, whose trade it is to buoy up the spirits of the people ... have uttered falsehoods so long, they have played off so many tricks, that their budget seems, at last, to be quite empty.”
—William Cobbett (1762–1835)