TRADEWAR

Trade war

A trade war refers to two or more states raising or creating tariffs or other trade barriers on each other in retaliation for other trade barriers. Increased protection causes both nations' output compositions to move towards their autarky position.

The above text is a snippet from Wikipedia: Trade war
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trade war

Noun

  1. The practice of nations creating mutual tariffs or similar barriers to trade.


The above text is a snippet from Wiktionary: trade war
and as such is available under the Creative Commons Attribution/Share-Alike License.

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