What effect do you think high oil prices could have

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Question: If you've paid attention to the general level of prices of goods and services over time, particularly in 2022, it should come as no surprise that rising oil prices have an impact on world trade, specifically that higher transport prices serve to act as a de-facto tariff on goods that cross borders. In your informed opinion, what effect do you think high oil prices could have on U.S. trade with distant countries like China, and will it lead to "Made in America" being the choice of American consumers again

Reference no: EM133322243

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