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. https://government.report/Resources/Whitepapers/2b5da79a-55b8-4617-aea9-2844c276868b_The-United-States-China-Trade-War-IPPS.pdf
whitepaper
SHARESHARESHARE
THE UNITED STATES – CHINA TRADE WAR
A trade war happens when countries attack each other's trade with tariffs and quotas, and it can be referred to as a side effect of protectionism1 . This kind of economical war is usually sparked up when one country raises tariffs, i.e. a tax that is imposed on imported products made abroad. Imposing a tax on a product means that people are less likely to buy them, because they've become more expensive. As a result, people buy cheaper local products instead which consequently boosts the local economy (Investopedia). Trade wars can hurt other nation's economies and lead to rising political tensions between them. N/A DOWNLOAD