1. U5AQ3 Analyze the effect of the political economy on trade agreements and policy.Analyze the various countries to which the United States actively trades or has anembargo upon. How does this...

1. U5AQ3 Analyze the effect of the political economy on trade agreements and policy.Analyze the various countries to which the United States actively trades or has anembargo upon. How does this fluctuate with the political economy? Usecontemporary examples or examples from history to illustrate your point.2. U5DBRGlobalization has effected trade policy by lowering the tariffs that are associatedwith the products leaving and entering the country. The lowering of tariffs could bein part to an increase in the overall amount of trade. Technology has enablecompanies the opportunity to reach new regions throughout the globe thusexpanding their operations. The increase in international trade has also helped toraise incomes, create jobs, and lower prices on the products. Globalization has alsohad a negative impact in the sense that since the global economy is so connected, arecession in one place is can be felt in other places around the world. The currentadministration has pushed for increase taxes on goods that American companiesare producing overseas and then shipping back in. This along with an overhaul onthe corporate tax plan has the potential to benefit the U.S. economy depending onhow exactly the plan plays out.