This article discusses the benefits of free international trade and criticizes President Donald Trump's protectionist policies. It explores the theories of comparative advantage and absolute advantage and their relevance to trade. The article also highlights the negative effects of trade restrictions and suggests solutions.

Article Critique

Locate and critically analyze an article from an economic/business journal in light of one of the Economic theories i.e Comparative Advantage, the standard model, Heckscher-Ohlin Theorem.

An article analyzing the advantages of free trade, criticizing protectionist policies, and proposing solutions to trade restrictions.

Article Critique: Benefits of Free International Trade and Criticism of Trump's Protectionist Policies

This article discusses the concept of trade protectionism and its effects on the US economy. It explains the advantages and disadvantages of protectionism, the impact of tariffs, and the short-term and long-term effects of protectionism. The article also highlights the effects of trade protectionism proposed by Trump.

Trade Protectionism and Its Effects on the US Economy

The article generally argues that the implementation of President Donald Trump protectionist policies against China and its trading partners would severely affect the economies of both nations. Real life economic situations have been discussed in the article. Various economic theories can be linked to the learning objective identified. The economic concepts of mercantilism, absolute advantage and global strategic rivalry have close links to the content discussed in the article. For the last 18 months, China and the United States have been involved in serious trade war as each nation tries its best to retaliate against tariffs imposed by its counterpart.

Leadership Management

Economics

Impact of President Donald Trump's Protectionist Policies on US-China Trade Relations

This article discusses the impact of protectionism measures on macroeconomic equilibrium, with a focus on the recent measures implemented by the Trump administration. It analyzes the short and long-term effects of these measures on the US and Australian economies, and evaluates their impact on aggregate welfare.

Impact of Protectionism Measures on Macroeconomic Equilibrium

Foreign Affairs

This report investigates the pros and cons of such a policy in the context of a globalized world as well as the comparative advantages that both the countries have currently. It also assess the impact on businesses in USA and China.

University of Michigan

Finance

Pros and Cons of USA-China Trade War and Protectionist Policy

This article discusses the impact of the trade war between USA and China on the Australian economy. It explores the reasons behind the trade war and how China has responded. The article also explains the concept of free trade and comparative advantage. It is relevant for students studying economics and international trade. 

Article Critique: Benefits of Free International Trade and Criticism of Trump's Protectionist Policies

Trade Protectionism and Its Effects on the US Economylg...

Impact of President Donald Trump's Protectionist Policies on US-China Trade Relationslg...

Impact of Protectionism Measures on Macroeconomic Equilibriumlg...

Pros and Cons of USA-China Trade War and Protectionist Policylg...

Impact of trade restrictions between USA and China on the Australian economylg...

Trade Protectionism and Its Effects on the US Economy

Impact of President Donald Trump's Protectionist Policies on US-China Trade Relations

Impact of Protectionism Measures on Macroeconomic Equilibrium

Pros and Cons of USA-China Trade War and Protectionist Policy

Impact of trade restrictions between USA and China on the Australian economy