You need to analyze the tools of the trade policy your countries are applying towards the trading partners.
1) describe the measures to protect the local producers (tariffs, quotas, subsidies) - the size, the products that are covered, the time when they are (were) applied;
2) what are the reasons of applying these measures and how it benefits the local economy?
Sample Solution
The tools of trade applied by my country (the United States) towards our trading partners vary widely depending on the relationship and context. In general, we often use tariffs, subsidies and other protectionist measures to promote domestic industries or protect our own economy from certain imports; as well as reciprocal trade agreements with other nations in order to lower trade barriers between us.