Business Studies, asked by KhushRajpurohit, 10 months ago

How to stop trade war​

Answers

Answered by aditisuyog
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.

Explanation:

Trade wars are a side effect of protectionism, which are government actions and policies that restrict international trade. A country will generally undertake protectionist actions with the intent of shielding domestic businesses and jobs from foreign competition.

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