Trade war

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Shivansh G.

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Jul 10, 2020

What is a trade war?

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Leon L.

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Jul 10, 2020

When nations impose more and more trade barriers on trade with the other country, one speaks about a “trade war”. In many cases trade wars are the result of protectionism, whereby trade barriers are used as economic weapons. China and the U.S. have been entangled in a trade war in 2018, as both countries have imposed additional import duties on goods imported from the other country.