CIPS Exam L4M8 Topic 1 Question 48 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 48
Topic #: 1

[All L4M8 Questions]

Describe a current or recent trade war of which you are aware and explain the implication it has for world trade.

AExplanation:
Trade war is an economic conflict where countries make it difficult for global trading to happen. Trade wars can make importing products to a country very expensive. A recent example is the US-China trade war; prices were raised on us-built vehicles exported to Chin
a. This affected consumer the most as there was an upshot of price.

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Suggested Answer: A

by Alesia at Sep 14, 2024, 06:01 PM

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Kent

28 days ago

The US-China trade war is the perfect storm of economic and political posturing. I just hope they can iron out their differences before we all end up in a global recession.

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Marsha

7 days ago

I agree, the US-China trade war is causing a lot of uncertainty in the global economy.

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Leana

2 months ago

Wow, this question is a real trade-off! I hope the exam doesn't try to pull the wool over our eyes with any sneaky tariff-ical questions.

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Edelmira

11 days ago

I hope trade wars don't become a common thing in the future, it's bad for everyone.

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Mona

13 days ago

It's crazy how a trade war between two countries can have such a big ripple effect.

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Linn

29 days ago

Yeah, prices went up on a lot of products, making it harder for consumers.

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Gerri

1 months ago

I heard about the US-China trade war, it really impacted global trade.

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Roxanne

2 months ago

While the US-China trade war is certainly a high-profile case, I think the ongoing tensions between the EU and the UK post-Brexit are also worth examining. The disruption to supply chains is quite concerning.

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Amber

1 months ago

That's true. It's important to consider the implications of trade wars on global trade.

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Amber

1 months ago

Yes, it's true. Trade wars can have a big impact on consumers.

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Helga

2 months ago

The US-China trade war is a prime example of how protectionist policies can backfire on consumers. I agree that the increased costs of imported goods is a major implication for world trade.

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