What are the implications for global trade


Problem 1: Make a list and do the comparison of the measures applied by the US and some European countries to restrict trade with Russia and China. What is similar and what is different? What are the implications for global trade?

Problem 2: Regional integration entails at one and the same time freer trade and trade restrictions. Explain how this seeming contradiction works out in the case of USMCA, looking at North American trade and trade with nonmembers (e.g. Europe.)

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