What is the purpose of government? 1. The purpose of government is to establish a social system in which those with power are at the top and those with few skills are at the bottom of the social system.
2. The purpose of government is to help people establish rules so that everyone benefits from the social structure and to provide protection to its citizens.
3. The purpose of government is to aid those who cannot take care of themselves by providing them with such needs as food, housing and a job.
4. The purpose of government is to collect taxes and levy fines upon citizens who do not follow the rules and regulations of the society.

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trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.

barack obama he actually listens