trade wars
Economic border battles
Trade wars are escalating cycles of tariffs, quotas, and other economic restrictions between countries, each retaliating against the other's protective measures.
Unlike traditional warfare, the weapons are taxes on imports and barriers to commerce: The trade war between the U.S. and China rattled global markets.
Trade wars typically hurt consumers and businesses on both sides while rarely producing clear winners.
- sanctionsPunitive international restrictions
- economic warfareHostile financial statecraft
- protectionismShielding local producers
- tariffsTaxes on imports
- retaliationPunitive response to injury
duties · retaliatory tariffs · mercantilism · embargoes · economic nationalism · made in China · level playing field · currency manipulation · Smoot-Hawley · decoupling · supply chain · national security · quotas · subsidies · dumping · tit-for-tat · dealmaking · import quotas
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- Global Politicsforeign affairs, international affairs, global affairs, world politics, foreign relations
- protectionismprotectionism, tariffs, import quotas, import duties, import taxes
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- global tradeexport tax, exports, import tax, imports, export
- tradecustoms, commerce, export, exports, quotas
trade warsfree trade agreements
Treaties lowering barriers between nations
trade partnerships · trade deals · economic alliances · trade pacts · economic integration
trade warsfree trade
Unrestricted international exchange
open markets · globalization · economic integration · common markets · deregulation
trade, trader, trading, trademark, wars, traded, traders, fair trade, trademarked