World trade issues play an important role in shaping global economic dynamics. In this era of globalization, trade relations between countries not only influence the economic growth of each country, but also create a domino impact that can be felt throughout the world. One of the main issues in world trade is protectionism. Many countries adopt protectionist policies with the aim of protecting domestic industries from foreign competition. However, this move often leads to trade wars, which can be detrimental for all parties involved. A clear example is the trade war between the United States and China, where high tariffs were imposed on imported goods which caused economic tension and uncertainty in the global market. Another issue is trade injustice. Developing countries are often at a disadvantage in the international trade system. They face tariff and non-tariff barriers that make access to international markets difficult. This results in inequality in the distribution of resources and economic opportunities, widening the gap between rich and poor countries. Climate change is also increasingly part of trade discussions. Many companies in developed countries are starting to choose to invest in sustainable practices. However, the lack of clear regulations in developing countries often leaves the environment a victim of exploitation, which ultimately has a negative impact on the health of the global economy. Technological globalization and digitalization are also changing the international trade landscape. E-commerce allows SMEs to reach global markets more easily. On the other hand, this also poses challenges for tax policy and trade regulation, where digital tax is a growing issue. Apart from that, global supply chain issues are in the spotlight. The COVID-19 pandemic has exposed vulnerabilities in supply chains previously thought to be stable. Disruptions in the delivery of goods and raw materials have given rise to inflation and product shortages in various sectors, suggesting that global interdependence may pose significant risks. The impact of these issues on the global economy is quite large. Decreased investor confidence, market volatility, and inflation are some of the direct effects that can be felt. When countries are caught in trade conflicts, global economic growth can be hampered, affecting jobs and wages in many countries. Sustainability in trade policy and a collaborative approach are key to addressing these issues. Organizations, such as the WTO, play an important role in organizing and facilitating fair trade agreements. Greater economic integration in Southeast Asia and other countries through free trade agreements can help strengthen exports and create jobs, but must be done with principles of fairness and sustainability. Finally, attention to social and environmental issues contributes to a more holistic vision of trade. By implementing fair and transparent trade practices, it is hoped that there will be an increase in global prosperity, which will not only benefit one party, but will also encourage inclusive and sustainable growth for all countries.
