SUBMIT YOUR RESEARCH
Saudi Journal of Economics and Finance (SJEF)
Volume-9 | Issue-07 | 253-265
Original Research Article
The Impact of Tariff Policies on International Trade Relations and Economic Competitiveness: A Comparative Study of Developed and Developing Economies
Olawale C. Olawore, Taiwo R. Aiki, Oluwatobi J. Banjo, Victor O. Okoh, Tunde O. Olafimihan
Published : July 8, 2025
DOI : https://doi.org/10.36348/sjef.2025.v09i07.005
Abstract
There has been substantial progress in the international trade sector between 2018 and 2025 for several reasons. These improvements have been made over several years. The primary factors contributing to this crisis were trade conflicts and the implementation of high tariffs by significant countries, especially between the United States and China. These disputes were particularly important as they occurred between the two nations. These disagreements were especially consequential as they transpired between the two nations. In 2018, several long-standing trade agreements were terminated due to an increase in protectionism targeting regional traders. This was a consequence of the rise in protectionism. It was specified in the scope of these agreements that a variety of different commercial transactions were covered. Because of this, several distinct industries, notably new enterprises all over the world, have been significantly impacted around the world. The goal of this research is to determine the impacts that tariff policy has on international commerce and the economy by examining the changes that occur in trade flows, market access, and competitive positions between the years 2018 and 2025. This research examines the effects of governmental trade policies, particularly tariffs, on economic growth, the development of supply chain models, and the progression of novel concepts in global commerce. To clarify this, we must combine extensive trade and tariff data with an analysis of representative national case studies. This article examines the advantages of various economies, considering present trade conflicts and the changing global environment. According to this study, these characteristics have different impacts on developing economies and nations. Even though they're meant to protect local firms, import tariffs can wind up making things more expensive, messing with supply chains, and making it harder to compete. This research asserts that two critical ways to alleviate negative effects are enhancing trade relations and advancing technical skills. This paper clarifies how tariffs obstruct trade in an uncertain environment and offers policy suggestions to improve economies and promote sustainable trade relationships.
Scholars Middle East Publishers
Browse Journals
Payments
Publication Ethics
SUBMIT ARTICLE
Browse Journals
Payments
Publication Ethics
SUBMIT ARTICLE
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
© Copyright Scholars Middle East Publisher. All Rights Reserved.