What is the impact of geopolitics on global trade?
Geopolitics significantly influences global trade by affecting relationships between countries, trade agreements, and tariffs.
Can you give examples of recent geopolitical events that have affected trade?
Sure! The US-China trade war and Brexit are prime examples that have reshaped trade dynamics and agreements.
How do sanctions play a role in this?
Sanctions can restrict trade with certain countries, impacting their economies and altering global supply chains.
What are the long-term effects of these geopolitical tensions?
Long-term effects may include shifts in trade alliances, increased protectionism, and potential economic instability in affected regions.
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