International trade and governmental influence

2 replies to students please. Please note the professor is asking for citations and references in the reply posts. He deducts 20% of the grade due to it. Maybe 1 per each?

International Trade and Governmental Influence
Governmental actions to influence trade are known as Protectionism. Research an event related to Governmental Influence on Trade. It can be from the U.S. or any other nation. Thoroughly analyze and discuss What the influence was, How it was influence, and what the implications were. Be sure to present concrete examples. The article must be dated within the past 5 years and it needs to illustrate concepts from this week’s lesson
Cite 2 quality sources for this event. The textbook can be one of the sources
Other Requirements
The original post must contain a minimum of 300 words. Students must demonstrate critical thinking by paraphrasing the material into their own words
All citations should be in APA format with a reference listing at the bottom of the post.

Two reply posts are due by Sunday at 11:55PM (EST)*
Review other students’ posts before deciding what and where to structure reply posts. Students must post a minimum of 2 replies that must be unique to other students. Replies should build upon the original discussion thread (and other replies posted prior) with further details on lesson concepts, additional research, business examples, etc.
Replies require short essays and must contain a minimum of 100 words each. Replies must be constructive which means they do not simply state agreement or disagreement re-highlighting points already made in prior posts. Replies must offer additional information or input to the discussion and lesson concepts.
Research Help
All cited articles in this course must come from a reliable source to earn credit. If you need help with research, there is assistance available. Review the following resources:

Learning Resources Services for Students
SPC Online Library
Ethics Research LibGuide
Ask-a-Librarian
Learning Resources
Learning Resources’ Contact Information Guide
Academic Search Complete
America’s News

ANSWER

International Trade and Governmental Influence

Paul Bova’s Response

Governments have three was through which they influence international trade; quota systems, subsidies and tariffs. Political relations and conflicts of governments influence global trade. I agree with Paul that the government influences international trade with an illustration of America and Cuba. Cuba and United States had strained relationship since Fidel Castro overthrew United States backed government.  In 2014, Raul Castro and President Obama announced restoration of full diplomatic relations that would ease bilateral tension and loosening the restrictions on travel, remittance, financial services, telecommunications and trade. However, after Trump was elected into office, there were issues that arose leading to banned commerce with businesses operating on behalf of Cuban intelligence agencies. The white house influenced international trade through imposing economic sanctions and curbing remittances. Joe Biden has announced the relaxation of certain Cuban sanctions and regulatory changes to renormalize U.S-Cuba relations (U.S. Department of State, 2021.

Mathew’s Response

I agree with Mathew that Russia has impacted global trade. The current Ukraine and Russia war on global trade and investment indicates that the world trade is likely to drop, lowering the global GDP. The Russian Federation renewed Ukraine Invasion and increased global sanctions that have led to global implications in the U.S and global economy developments (Kammer et al., 2021). The war which has already resulted to security, economy and humanitarian crisis has had a spillover effect which has hampered the national economic recoveries from the global pandemic. Rather than Gold, Russia is the primary exporter for refined petroleum, crude petroleum, and coal and petroleum gas. They are one of the largest exporters of energy products after United State and China thus affecting the global trade. Russia has leveraged their trade of energy to neighboring countries in exchange for indirect and direct support for their military goals (Yacoubian, 2021). Russia has relied on the sale of energy as an influence of trade which is their primary goal. It’s impossible for a country that does not produce energy to put sanction on a country that supplies energy.

References

Kammer, A., Azour, J., Selassie, A. A., Goldfajn, I., & Rhee, C. (2022). How war in Ukraine is reverberating across world’s regions. Washington: IMF, March, 15, 2022.

Yacoubian, M. (2021, February 17). What is Russia’s endgame in Syria? United States Institute of Peace. Retrieved August 30, 2022, from https://www.usip.org/publications/2021/02/what-russias-endgame-syria

U.S. Department of State. (2021, April 14). U.S. relations with Cuba – united states department of state. U.S. Department of State. Retrieved August 30, 2022, from https://www.state.gov/u-s-relations-with-cuba/