University | Singapore University of Social Science (SUSS) |
Subject | ECO203e : International Economics |
Question 1
(a) Examine and compare the relative use of and effectiveness of tariffs and non-tariff barriers (NTBs) prevailing among developed and developing countries in international trade. Cite examples.
(b) Discuss the political economy arguments of Trump’s trade war on China from 2018 to 2020. Provide and cite evidence.
(c) Should China retaliate with its own trade war against the U.S.? What would you advise China to do (e.g., go for WTO Dispute Settlement)? Explain.
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