Definitions for trade war
trade war

WiktionaryRate this definition:0.0 / 0 votes

1. trade warnoun

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

WikipediaRate this definition:0.0 / 0 votes

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.

WikidataRate this definition:0.0 / 0 votes

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.

How to pronounce trade war?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say trade war in sign language?

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. Phil Flynn:

   Trade is positive for energy demand, if we get into a trade war, it could potentially slow economic growth.

2. Zippy Duvall:

   The $ 12 billion package of agricultural assistance announced today by the administration will provide a welcome measure of temporary relief to our farmers and ranchers who are experiencing the financial effects of the trade war, this announcement is substantial, but we can not overstate the dire consequences that farmers and ranchers are facing in relation to lost export markets... We will continue to push for a swift and sure end to the trade war and the tariffs impacting American agriculture.

3. Johnny Lau:

   A trade war has also broken out between China and the United States. China hopes to team up with Germany, now China has made use of an opportunity to do Germany a favor so as to strengthen the Sino-German relationship.

4. Angel Gurria:

   A trade war, especially at this point in time, where the world economy is going through a historical downturn, would hurt the economy, jobs and confidence even further, a multilateral solution... is clearly the best way forward.

5. Michael Conaway:

   It is more important now than ever to act quickly to avoid a protracted trade war with our two largest trade partners.

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Trade_War
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Trade_War
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=trade war