Global Trade Policies

Global trade policies are rules and agreements that countries establish to govern how they buy and sell goods and services across borders. These policies can include tariffs (taxes on imports), trade agreements (pacts to reduce barriers), and regulations ensuring fair competition. The goal is to facilitate international trade, promote economic growth, and protect local industries. However, different countries may prioritize domestic interests, leading to tensions and negotiations to balance global commerce with national priorities. Ultimately, these policies shape the way nations interact in the global marketplace.