Question

explain trade war betwern america and china​

Answer 1

Answer:

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.

‘The United States will not stop the trade war until it sinks the Chinese economy,’ said one Chinese exporter who hoped that Beijing’s policies can save his company.