Which Act establishes general guidelines for state regulations concerning vehicle registration and inspection, driver licensing and traffic laws?

National Highway Safety Act.

Explanation:

National Highway Safety Act is an Act which establishes general guidelines for state regulations concerning vehicle registration and inspection, driver licensing and traffic laws. This Act was signed by President Lyndon B. Johnson on the 9th of September, 1966 in the United States of America in order to mitigate the high rate of highway related deaths.

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.