Modern Trade Dynamics and Tariff Impacts

This chapter explores how contemporary trade dynamics and network effects shape global competition, especially in technology sectors. It examines the shortcomings of traditional trade theories in light of strategic subsidies and tariffs, illustrating their significant impact on markets, particularly between the U.S. and China. Additionally, it discusses the implications of tariff policies on agricultural exports, the middle class, and national security, underscoring the importance of domestic supply chains and energy independence.

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