Trade policies refer to the regulations and strategies implemented by a government to manage its international trade. These policies encompass a range of measures aimed at controlling the import and export of goods and services, affecting trade tariffs, quotas, and import/export licenses. Trade policies are designed to protect domestic industries, promote economic growth, ensure job creation, and regulate competition with foreign businesses. They can also include agreements between countries, such as free trade agreements, which aim to reduce trade barriers and increase trade flows. Trade policies play a crucial role in shaping a nation’s economic landscape, influencing patterns of global trade, and determining how countries interact economically on the world stage. Overall, they serve as a framework through which nations can navigate the complexities of international trade.
Global Trade Tensions Ignite Economic Uncertainty: The Ripple Effects of Trump’s Tariffs
Trade tensions have escalated between the U.S. and Canada, with both countries imposing tariffs, causing global economic concern. Prime Minister Justin Trudeau condemned U.S. tariffs, promising $30 billion CAD in…