Trade Wars Definition Examples Causes And Effects
What is a Trade War? It often results in an imbalance between imports and exports of a nation. However, these policies promote domestic production, increase national employment, reduce the balance of payment, and create unfavorable conditions for the enemy nation. Trade wars are often an initiative against unfair trading policies. Key Takeaways A trade war is a strategic rebellion one nation wages against another. It involves raising tariffs, quotas, and other duties on imports....