An in-depth exploration of import controls, their purposes, types, historical context, implications, and related terms in the context of economics and international trade.
Non-Tariff Barriers (NTBs) are various forms of trade restrictions that do not involve tariffs, aiming to impose limitations or controls on imports and exports to protect domestic industries or achieve other policy objectives.
Trigger price is the price of an imported commodity that is well below that charged in the country of origin, prompting swift trade restrictions.
