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Define free trade and define trade wars

Assignment Help Macroeconomics
Reference no: EM132898074

Question 1: Why has Donald Trump sought to start a trade war with China since becoming the President of the USA?

Question 2: Define free trade and define trade wars and consider the pros and cons of free trade, referring to the theory of comparative advantage

Question 3: Consider the impacts of free trade on blue collar (former manufacturing) workers over the last 40 years in the USA

Question 4: Explain the current International Trade System. In this context, consider the validity of allegations made against China of unfair trade practices such as allegations that China devalued the RMB/Yuan and why China would have done this (if it did indeed do this)

Question 5: With the use of relevant economic diagrams consider the pros and cons of the USA applying trade barriers (such as but not only tariffs) on Chinese goods entering the USA

Question 6: Consider who in the USA would win and who would lose from the application of trade barriers on Chinese goods

Reference no: EM132898074

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