Recent course adjustments in major trade and world economic relationships, such as the United Kingdom of Great Britain and Northern Ireland’s decision to withdraw from the European Union and the United States of America’s decisions to renegotiate the North American Free Trade Agreement and to reassess the terms of its other existing trade agreements, have raised concerns over a potential escalation in trade barriers and disputes. In saying this, there has been no help in a free flow world supply chain and which it has only been disrupted by tariffs and un-needed trade wars. In the long run, consumers will pay the cost through higher prices and interest rates. These could be amplified if met by retaliatory measures by other countries. An increasingly restrictive trade environment may hinder medium-term growth prospects, given the mutually reinforcing linkages between trade, investment, and productivity growth. In this regard, policies should focus on upholding and revitalizing free trade agreement cooperation, emphasizing the possible benefits from trade in services. Benefiting the investors, consumer, world supply chains and pulling people worldwide from poverty. Right now, there are too many despots in charge hindering this.
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