What are the primary causes of global trade tensions?

Primary causes include national security concerns, perceived unfair trade practices, intellectual property theft, domestic industry protectionism, and currency manipulation.

How do trade tensions typically impact the global economy?

Trade tensions can lead to higher consumer prices, reduced international trade volumes, disrupted supply chains, slower economic growth, and increased market volatility.

Which major economies are frequently involved in trade disputes?

Major economies frequently involved include the United States, China, and the European Union, though tensions can emerge globally among various nations and economic blocs.

What role do tariffs play in global trade tensions?

Tariffs are taxes on imported goods used by countries to protect domestic industries or retaliate against perceived unfair trade practices, often escalating trade tensions and disputes.

How are global trade tensions usually resolved?

Resolutions often involve bilateral negotiations, multilateral agreements through organizations like the WTO, or de-escalation of protectionist measures, though some tensions persist long-term.