Tariffs are paid by domestic consumers and not the exporting country, but they have the effect of raising the relative prices of imported products. Other trade barriers include quotas, licenses ...

Two ways the government can address the imbalances that free trade may create at home are through import quotas and tariffs. Both policies may sound ominous, but tariffs are worse on your wallet ...

President Donald Trump moved to substantially raise tariffs on steel and aluminum imports on Monday, canceling exemptions and duty-free quotas for major suppliers Canada, Mexico, Brazil and other ...

A non-tariff trade barrier ... By capping trade volumes, quotas can stabilize domestic industries but may also lead to supply shortages and higher consumer prices. An embargo is a complete ban ...