Tag: trade protectionism

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Non-Tariff Barriers (NTBs)

Source: DTESubject: Economy Context: In report Invisible Barriers: The Costs of Non-Tariff Measures, UNCTAD revealed that non-tariff barriers (NTMs) now impose higher trade costs than traditional tariffs for 88% of countries. Non-Tariff Barriers (NTBs) About Non-Tariff Barriers (NTBs): What it is? Non-Tariff Barriers (NTBs) are policy measures other than ordinary customs tariffs that can potentially …

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Tariff

Source:  BS Context: Former U.S. President Donald Trump has unveiled a sweeping “Liberation Day” tariff policy, imposing a 10% baseline duty on all imports and higher country-specific tariffs, including 27% on Indian exports. About Tariff: What is a Tariff? A tariff is a tax imposed by a government on imported goods and services, collected at …

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