read the article, answer the question below
Read the articles “Free trade, explained_ Why Trump’s global trade war will fail – Business Insider.pdf ” Preview the documentand “U.S. And China Impose Fresh Tariffs As Trade War Escalates“.
As background, the first article from July 2017 explains well specialization, trade, and absolute and comparative advantages. The second article discusses the current tariffs imposed on imported goods.
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2. Craft a post that engages the articles, this week’s topic material and your critical thinking, ideas, and reflections. The discussion should be focused on the reasoned analysis and economic application of this week’s topic.
Some questions to consider (not an exhaustive list):
What are some of the misconceptions of international trade?
How does trade between countries benefit all parties involved?
How is the concept of comparative advantage reinforced?
What are the unintended consequences of tariffs?
