Question: Please address the question below: How does an import quota operate and what is the reason for it? Describe how the Local Content Requirement affects

Please address the question below:

  • How does an import quota operate and what is the reason for it?
  • Describe how the Local Content Requirement affects international trade.
  • What is the trade practice of dumping?
  • What is the function of the Word Trade Organization?
  • Why can't the WTO resolve the trade war between the US and China?
  • China has been accused of dumping low-cost steel on global markets, damaging the steel industries in other countries.What has been the US response?

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