Part 8/11:
The nexus between domestic policies and trade is also significant, as Professor Michael Pettis pointed out. Decisions aimed at job retention and revenue preservation have implications for trade dynamics, broadening the scope of how these domestic policies could manifest as international trade policies.
EU’s Rising Scrutiny of Economic Ties with China
As we segue to recent developments in trade, it has been revealed that the European Union is intensifying its examination of economic ties with China. A surge in Chinese exports has resulted in greater scrutiny, adjusting the landscape of a relationship once praised for mutual benefit.