Trade barriers are government-imposed restrictions on the free exchange of goods and services between countries. These barriers can take various forms, including:Tariffs: Taxes imposed on imported goods, making them more expensive and less competitive compared to domestic products.Quotas: Limits on the quantity or value of goods that can be imported or exported during a specific time period.Subsidies: Financial assistance provided by the government to local businesses, making their products cheaper compared to foreign competitors.Import Licenses: Requirements for importers to obtain authorization before bringing certain products into a country.Standards and Regulations: Safety, health, or technical standards that must be met for goods to be sold in a country, which can sometimes be used to limit imports.Voluntary Export Restraints (VERs): Agreements between exporting and importing countries where the exporter agrees to limit the quantity of goods