Embargo

Definition

An embargo is a government-imposed ban on trade with a specific country or the exchange of specific goods. It is often used as a political tool to exert pressure without resorting to direct military action.

Related terms

Sanctions: Financial or legal penalties applied by one or more countries against a targeted country, group, or individual to force a change in their policies.

Tariff:

A tax imposed on imported goods and services to raise their price and protect domestic industries from foreign competition.

Trade Barrier: Any regulation or policy that restricts international trade, including tariffs, quotas, and embargos