What defines an embargo?

An embargo is defined as a ban on trade with a specific country. This means that a nation implements restrictions preventing trade, which can include the import or export of goods and services. Embargoes are often put in place for political reasons, such as to express disapproval of a country’s actions or to apply economic pressure for policy changes.

In contrast to other concepts, such as tariffs or trade agreements, which involve raising costs or facilitating exchange respectively, an embargo wholly prohibits trade with targeted nations, significantly affecting their economies. Understanding this distinction emphasizes the political and economic implications of such measures.