TRADE WAR
Conflict that occurs between two or more countries seeking to restrict trading from the other. Moreover, it refers to tariffs and retaliation. This may be stimulated when one country finds the trading practices or regulations of another unfair, or when domestic trade unions pressure politicians to make imported goods less appealing to customers. Trade wars are also caused by a misunderstanding of the free trade’s benefits.
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Tax imposed on imported products and services. It is used to restrict trade as it increases the price of these goods and services. Money collected ...
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