trade war


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trade war

the use by a number of countries of beggar – my – neighbour trade restrictions such as Tariffs and QUOTAS to restrict imports, and subsidies and tax rebates to increase exports. These actions are usually self-defeating, leading to lower trade and income levels for all. See WORLD TRADE ORGANIZATION.

trade war

a situation in which countries engaged in INTERNATIONAL TRADE attempt to reduce competing IMPORTS by the use of TARIFFS, QUOTAS and other import restrictions, and expand their EXPORTS through EXPORT INCENTIVES. Such BEGGAR-MY-NEIGHBOUR POLICIES, bringing with them an escalation of PROTECTIONISM, however, are usually self-defeating, leading to a fall in the total volume of international trade and world income levels.
References in periodicals archive ?
Economic managers seek passage of laws that will mitigate impact of US-China trade war !-- -- Alexis Romero (Philstar.com) - September 5, 2019 - 5:10pm MANILA, Philippines Economic managers are pushing for the passage of two bills to mitigate the impact of the trade war between the United States and China.
CENTRAL bankers in the region have shifted their focus on concerns arising from the effects of on-going trade war, from their discussion of increased interdependence in the global economy last year.
The long-drawn-out trade war has been going on between the countries with no possible/immediate solutions in sight.
Trade war, elongated upgrade cycle could weigh on sales
Gao Feng, spokesman for China's Ministry of Commerce, said Thursday, according to a CNBC translation of his Mandarin-language remarks: "We firmly reject an escalation of the trade war, and are willing to negotiate and collaborate in order to solve this problem with calm attitude." Gao noted the Chinese and U.S.
'What we can do is try to mitigate the (negative) effects (of the US-China trade war) and also hope there is some resolutions, who knows,' Lim told reporters at the National Economic Forum 2019 today.
CAPTURING the world's attention, the US-China trade war has been going on for more than a year now, and yet we still cannot see an end to it.
As expected, China followed through with its threat to retaliate against the administrations latest escalation in its trade war. Our farmers, workers and families cant afford to keep paying the price for the presidents ill-conceived trade policies.
President Donald Trump on Monday praised his Chinese counterpart Xi Jinping's leadership amid an escalating trade war between the two countries.
Harley shares are now down 27.4% in the past year as the trade war has weighed on the company's international sales, and at least one large option trader sees much more downside ahead over the next five months.
The US-China trade war intensifies, taking an ever more serious turn by the day and having many implications on economies all over.
9, 2019 as stocks moved broadly lower in early trading on Wall Street after investors again retreated to safer holdings in a market racked by fear and anxiety over the US-China trade war. (AP Photo/Richard Drew) Stock broker Peter Mazza gives his insights to media at the floor of the New York Stock Exchange on Aug.