Qualitative case study observes trade protectionism's effects on international trade, growth, and supply chains, suggesting increased cooperation is necessary.
Key Points
Tariffs can boost protectionism and influence international trade dynamics, increasing consumer prices and limiting growth.
The growth of trade protectionism is evident in the U.S.–China trade war, particularly through rising tariffs and their impact on supply chains.
Qualitative case study analysis highlights how trade statistics and policy decisions shape export trade and global cooperation efforts.
Strengthened cooperation among nations is critical to address challenges posed by trade protectionism and reform global trade regulations.