Trade Sanction


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Trade Sanction

One or more trade barriers that a country places upon another country as a punitive action. A country may institute a trade sanction because it disagrees with its trade policies; for example, if country A subsidizes domestic corn so that it reduces demand for country B's imports, country B may restrict the import of country A's wheat as punishment. Alternatively, a trade sanction may occur when two countries disagree on a more fundamental level. A trade sanction should not be confused with an economic sanction.
References in periodicals archive ?
Great Wall Airlines, the joint venture, was reportedly hit unexpectedly hit by US trade sanctions last week.
The American plans to further develop the nuclear missile defence system probably discouraged them from continuing the great expense of their own programs and the resultant cost to them of international trade sanctions.
through the Trade Sanctions Reform and Export Enhancement Act (TSRA) has the potential to turn into a heavy flow, according to the U.
Communications Minister Ignacio Gonzalez told the media that Cuba lacks the bandwidth to allow unrestricted access to the internet and blamed trade sanctions imposed on his country by the United States.
BRUSSELS - The European Union on Thursday asked the World Trade Organization (WTO) to allow it to slap trade sanctions against the United States for refusing to abandon an antidumping provision that violates WTO rules.
But the US's major trading partners are not sitting still for its recent trade sanctions.
An international tax reform measure must be finished before March 1 if the United States is to avoid punitive trade sanctions by the European Union.
THE European Union has given the United States a few more days before nations start applying billions of pounds in trade sanctions in retaliation for US steel tariffs declared illegal under international law, World Trade Organisation officials said in Geneva yesterday.
United Nations trade sanctions, imposed after Iraq invaded Kuwait in 1990, have kept many supplies from reaching the country.
He pointed out that although the Bush administration's policy has not changed regarding trade with Cuba, easing of trade sanctions began in 1999 under President William Clinton.
The World Trade Organization (WTO) ruled that the European Union (EU) may impose $4 billion in trade sanctions against the U.