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Trade war

Economic conflict using tariffs or other trade barriers

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Trade war: Economic conflict using tariffs or other trade barriers
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. 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.

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Trade War Explodes! Trump’s 25% Tariffs on Canada & Mexico Take Effect at Midnight| Big Announcement [Video]

Trade War Explodes! Trump’s 25% Tariffs on Canada & Mexico Take Effect at Midnight| Big Announcement

Trade tensions reach a boiling point as former U.S. President Donald Trump confirms a staggering 25% tariff on imports from Canada and Mexico, set to take effect at midnight. This move marks a major..

Credit: Oneindia     Duration: 03:30Published
China Strikes Back: Imposes 15-25% Tariffs on US Imports in Retaliation Against Trump’s Trade War [Video]

China Strikes Back: Imposes 15-25% Tariffs on US Imports in Retaliation Against Trump’s Trade War

China has announced tariffs ranging from 15% to 25% on US imports, including coal, LNG, and crude oil, in response to Donald Trump’s trade measures. The Chinese Ministry of Commerce condemned the..

Credit: Oneindia     Duration: 03:09Published
Mexico is Ready for a Trade War with Trump, Strikes Back with 25% Tariffs –Plan A, B, C Ready to Go [Video]

Mexico is Ready for a Trade War with Trump, Strikes Back with 25% Tariffs –Plan A, B, C Ready to Go

In response to President Donald Trump’s newly imposed 25% tariffs on Mexican imports, Mexico has hit back with retaliatory tariffs on U.S. goods. Mexican President Claudia Sheinbaum Pardo strongly..

Credit: Oneindia     Duration: 03:25Published
Donald Trump’s Tariff War in Here | What it Means For Canada, China and Mexico | Trudeau Reacts [Video]

Donald Trump’s Tariff War in Here | What it Means For Canada, China and Mexico | Trudeau Reacts

In a bold move, former President Donald Trump has announced the imposition of 25% tariffs on imports from Canada and Mexico, with an additional 10% tariff on goods from China. The tariffs, which go..

Credit: Oneindia     Duration: 04:19Published

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