Trade policies refer to the laws, regulations, and agreements that a government establishes to manage international trade. These policies determine how countries conduct commerce with each other, including the rules for importing and exporting goods and services. Trade policies can involve tariffs (taxes on imports), quotas (limits on the quantity of goods that can be imported), subsidies (financial support to local industries), and trade agreements that facilitate or restrict trade across borders. The goal of trade policies is often to protect domestic industries, promote economic growth, and enhance competitiveness in the global market, while also considering factors such as labor rights, environmental standards, and international relations. Overall, trade policies play a crucial role in shaping a country’s economic landscape and its relationships with other nations.
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…