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	A '''trade war''' is an economic conflict resulting from extreme ] in which ]s raise or create ]s or other ]s against each other in response to trade barriers created by the other party.<ref>{{Cite web\|url=http://www.businessdictionary.com/definition/trade-war.html\|title=What is trade war? definition and meaning\|website=BusinessDictionary.com\|language=en\|access-date=2017-08-15}}</ref> Increased protection causes both nations' output compositions to move towards their ] position.<ref>{{cite web\|url=http://www.investopedia.com/terms/t/trade-war.asp\|title=Trade War\|first=Investopedia\|last=Staff\|date=28 September 2009}}</ref>		A '''trade war''' is an economic conflict resulting from extreme ] in which ]s raise or create ]s or other ]s against each other in response to trade barriers created by the other party.<ref>{{Cite web\|url=http://www.businessdictionary.com/definition/trade-war.html\|title=What is trade war? definition and meaning\|website=BusinessDictionary.com\|language=en\|access-date=2017-08-15}}</ref> Increased protection causes both nations' output compositions to move towards their ] position.<ref>{{cite web\|url=http://www.investopedia.com/terms/t/trade-war.asp\|title=Trade War\|first=Investopedia\|last=Staff\|date=28 September 2009}}</ref>

			Trade wars could escalated to full conflict between states, as evidenced in the ] which started after the ] government blockaded its ports and confined ] traders, resulted in the dispatch of ] to China and engage the Chinese Navy in ].

	Some economists{{Who\|date=August 2017}} 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. An increase in ], however, may be difficult to retaliate against by a foreign country.		Some economists{{Who\|date=August 2017}} 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. An increase in ], however, may be difficult to retaliate against by a foreign country.

Revision as of 08:30, 9 October 2018

For the computer game, see Trade Wars.

World trade
Part of a series on

Policy Import Export Balance of trade Trade law Trade pact Trade bloc Trade creation Trade diversion Export orientation Import substitution Trade finance Trade facilitation Trade route Domestic trade Tax
Restrictions Trade barriers Tariffs Non-tariff barriers Import quotas Tariff-rate quotas Import licenses Customs duties Export subsidies Technical barriers Bribery Exchange rate controls Embargo Safeguards Countervailing duties Anti-dumping duties Voluntary export restraints
History Mercantilism Protectionism Laissez-faire Free trade Economic nationalism Economic integration
Organizations International Monetary Fund International Trade Centre World Trade Organization World Customs Organization International Chamber of Commerce
Economic integration Preferential trading area Free-trade area Currency union Customs union Single market Economic union Fiscal union Customs and monetary union Economic and monetary union
Issues Intellectual property rights Smuggling Competition policy Government procurement Outsourcing Globalization Fair trade Trade justice Emissions trading Trade sanctions War Currency war Trade costs Trade war Trade and development
Lists Imports Exports Tariffs Largest consumer markets Leading trade partners
By country Trade mission Trading nation United States Argentina Pakistan Romania Vietnam India
Theory Comparative advantage Competitive advantage Heckscher–Ohlin model New trade theory Economic geography Intra-industry trade Gravity model of trade Ricardian trade theories Balassa–Samuelson effect Linder hypothesis Leontief paradox Lerner symmetry theorem Terms of trade
v t e

A trade war is an economic conflict 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. Increased protection causes both nations' output compositions to move towards their autarky position.

Trade wars could escalated to full conflict between states, as evidenced in the First Opium War which started after the Qing government blockaded its ports and confined British traders, resulted in the dispatch of British Navy to China and engage the Chinese Navy in Battle of Kowloon.

Some economists 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. An increase in subsidies, however, may be difficult to retaliate against by a foreign country.

Trade wars and protectionism have been implicated by some scholars as the cause of some economic crises, in particular the Great Depression. Unlike most other types of conflict, trade wars have a reputation for having only losers and no winners, due to the high cost and lack of benefits for any of the participants.

References

"What is trade war? definition and meaning". BusinessDictionary.com. Retrieved 2017-08-15.
Staff, Investopedia (28 September 2009). "Trade War".
Irwin, Douglas (2017). Peddling Protectionism: Smoot-Hawley and the Great Depression. Princeton University Press. p. vii-xviii.

External links

Trade war at Investopedia

Category:

Trade wars

Revision as of 00:50, 27 September 2018 editJasonyjc (talk \| contribs)10 editsmNo edit summary← Previous edit		Revision as of 08:30, 9 October 2018 edit undo36.78.46.215 (talk)No edit summaryNext edit →
Line 3:		Line 3:

	A '''trade war''' is an economic conflict resulting from extreme ] in which ]s raise or create ]s or other ]s against each other in response to trade barriers created by the other party.<ref>{{Cite web\|url=http://www.businessdictionary.com/definition/trade-war.html\|title=What is trade war? definition and meaning\|website=BusinessDictionary.com\|language=en\|access-date=2017-08-15}}</ref> Increased protection causes both nations' output compositions to move towards their ] position.<ref>{{cite web\|url=http://www.investopedia.com/terms/t/trade-war.asp\|title=Trade War\|first=Investopedia\|last=Staff\|date=28 September 2009}}</ref>		A '''trade war''' is an economic conflict resulting from extreme ] in which ]s raise or create ]s or other ]s against each other in response to trade barriers created by the other party.<ref>{{Cite web\|url=http://www.businessdictionary.com/definition/trade-war.html\|title=What is trade war? definition and meaning\|website=BusinessDictionary.com\|language=en\|access-date=2017-08-15}}</ref> Increased protection causes both nations' output compositions to move towards their ] position.<ref>{{cite web\|url=http://www.investopedia.com/terms/t/trade-war.asp\|title=Trade War\|first=Investopedia\|last=Staff\|date=28 September 2009}}</ref>

			Trade wars could escalated to full conflict between states, as evidenced in the ] which started after the ] government blockaded its ports and confined ] traders, resulted in the dispatch of ] to China and engage the Chinese Navy in ].

	Some economists{{Who\|date=August 2017}} 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. An increase in ], however, may be difficult to retaliate against by a foreign country.		Some economists{{Who\|date=August 2017}} 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. An increase in ], however, may be difficult to retaliate against by a foreign country.

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