The cultural-dynamic process in which an item of culture flows from one society to another is

This process is called cultural diffusion. When diffusion takes place, a cultural item (a cultural idea or a cultural practice) disseminates from its place of origin or creation to other places. An example of this practice is the way Americans have embraced Chinese or Mexican food, mostly as a result of the migration of people from those countries into the United States.

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.

i'll just take the points xd