Global Trade refers to the exchange of goods and services between countries across international borders. It encompasses all facets of international economic transactions, including imports and exports, and involves various trade agreements, tariffs, and regulations that govern these exchanges. Global trade allows nations to access products that may not be available domestically, encourages competition, and promotes economic growth by enabling businesses to expand their markets beyond their national borders. In the context of globalization, it signifies the interconnectedness of economies, where countries depend on one another for resources, technology, and markets, fostering economic collaboration and cultural exchange.
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…