Describe the concept of embargoes as a trade barrier.

Describe the concept of embargoes as a trade barrier.

Embargoes are a type of trade barrier that involves the complete prohibition or restriction of trade between countries. They are typically imposed by a government or a group of countries as a political or economic measure to isolate or punish a specific country or region. Embargoes can be implemented through various means, such as imposing import or export restrictions, banning specific goods or services, or prohibiting financial transactions with the targeted country. The purpose of embargoes is to exert economic pressure on the targeted country, often in response to political disagreements, human rights violations, or security concerns. Embargoes can have significant impacts on international trade, leading to disruptions in supply chains, reduced market access, and economic hardships for both the targeted country and the countries imposing the embargo.