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

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Roxanne

5 days 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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Helga

10 days 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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