Barriers to international trade

Tariffs: taxes imposed on imported goods to make them more expensive than local products.
Trade blocs: groups of countries that agree to remove trade barriers between members.
- Examples of trade blocs include the European Union (EU), North American Free Trade Agreement (NAFTA), and Association of Southeast Asian Nations (ASEAN).
- Trade blocs make it easier to trade within the group but can complicate trade with countries outside.
- Brexit led to the UK leaving the EU trade bloc, introducing new barriers for British exporters.

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