What are the main challenges in global trade today?
Some key challenges include trade barriers, tariffs, political instability, and supply chain disruptions.
How do tariffs affect international trade?
Tariffs increase the cost of imported goods, which can lead to reduced trade volumes and higher prices for consumers.
What role does technology play in overcoming these challenges?
Technology enhances efficiency, improves supply chain management, and facilitates better communication between trading partners.
Can you give examples of recent trade disputes?
Recent disputes include the US-China trade war and tensions over Brexit-related trade agreements.
What strategies can countries adopt to mitigate these challenges?
Countries can negotiate trade agreements, invest in technology, and diversify their supply chains to reduce risks.
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