International trade refers to the exchange of goods and services between countries. It involves importing and exporting products, allowing nations to access resources and markets that may not be available domestically. International trade is influenced by various factors, including tariffs, trade agreements, currency exchange rates, and economic policies. It enables countries to specialize in the production of goods and services they can produce most efficiently, ultimately leading to greater economic growth and consumer choice. Through international trade, countries can benefit from comparative advantage, where they focus on producing goods at a lower opportunity cost than others. Overall, international trade contributes to globalization, economic interdependence, and the development of international markets.
China stands on edge as Donald Trump regains the US presidency, resurrecting fears of a return to his aggressive trade policies. Once again, the self-proclaimed "Tariff Man" signals plans to…