What does trade war mean?

Definitions for trade war
trade war

This dictionary definitions page includes all the possible meanings, example usage and translations of the word trade war.


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Wiktionary

  1. trade warnoun

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

Wikipedia

  1. Trade war

    A trade war is an economic conflict often resulting from extreme protectionism in which states raise or create tariffs or other trade barriers against each other in response to trade barriers created by the other party. If tariffs are the exclusive mechanism, then such conflicts are known as customs wars, toll wars, or tariff wars; as a reprisal, the latter state may also increase the tariffs. Trade war arises only if the competitive protection between states is of the same type and it is not valid in case of dumping exports (Perju, 2009). Increased protection causes both nations' output compositions to move towards their autarky position. Minor trade disagreements are often called trade disputes when the war metaphor is hyperbolic. Trade wars could be escalated to full conflict between states, as evidenced in the Massacre of the Bandanese after alleged violations of a new treaty. The First Anglo-Dutch War caused by disputes over trade, the war began with English attacks on Dutch merchant shipping, but expanded to vast fleet actions. The Second Anglo-Dutch War for control over the seas and trade routes, where England tried to end the Dutch domination of world trade during a period of intense European commercial rivalry. The Fourth Anglo-Dutch War over British and Dutch disagreements on the legality and conduct of Dutch trade with Britain's enemies in that war. The Shimonoseki Campaign after unrest over the shogunate's open-door policy to foreign trade. The First Opium War which started after the Qing government blockaded its ports, confiscated opium contraband and confined British traders, resulted in the dispatch of the British Navy to China and engage the Chinese Navy in the Battle of Kowloon. The First Opium War eventually led to the British colony of Hong Kong, and the Second Opium War, which arose from another trade war with the same underlying causes, expanded the British possessions on the island.

Wikidata

  1. 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. Some economists would agree that certain economic protections are more costly than others, because they may be more likely to trigger a trade war. For example, if a country were to raise tariffs, then a second country in retaliation may similarly raise tariffs. But an increase in, for example, subsidies, may be difficult to retaliate against by a foreign country. Many poor countries do not have the ability to raise subsidies. In addition, poor countries are more vulnerable than rich countries in trade wars; in raising protections against dumping of cheap products, a government risks making the product too expensive for its people to afford.

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Numerology

  1. Chaldean Numerology

    The numerical value of trade war in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of trade war in Pythagorean Numerology is: 9

Examples of trade war in a Sentence

  1. Bill Nelson:

    Starting a trade war with our closest allies is the last thing we should be doing. No one wins in a trade war, especially hardworking families who may have to pay more for the goods they buy every day, if this starts an international trade war.

  2. Omer Esiner:

    Net-net it is hard to say what impact a trade war will have on the dollar in the near term.

  3. Li Keqiang:

    There are no winners from Fighting a trade war.

  4. Ted Cruz:

    I'm against tariffs. I'm against the trade war, if we're erecting barriers and shutting down trade, that is a bad thing. This is one of the few issues where Congressman Democratic Rep. Beto O'Rourke and I have some common ground.

  5. Ken Christopher:

    We understand in a broader economic sense that a trade war is not in the U.S. best interest.

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"trade war." Definitions.net. STANDS4 LLC, 2024. Web. 28 May 2024. <https://www.definitions.net/definition/trade+war>.

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