Strategic Trade

Strategic trade refers to government policies designed to help domestic companies compete globally by supporting certain industries. These policies aim to boost exports, protect jobs, and improve a country's economic position by providing assistance such as subsidies, tariffs, or regulations. The goal is to create a competitive advantage in key sectors, especially those with the potential for significant international influence or technological leadership. Strategic trade is used carefully to balance national interests with fair international trading practices, encouraging growth in targeted industries while minimizing conflicts with trading partners.