Trade Wars
- The recent tariff actions by the US administration signal a renewed phase of trade wars, where economic measures are being used as leverage in geopolitical disputes.
- Trade wars occur when countries impose tariffs or other trade barriers on each other in retaliation, aiming to protect domestic industries or address perceived unfair trade practices.
- These measures often lead to escalating economic conflicts, disrupting global trade flows.
- While trade wars are typically driven by concerns over trade deficits, currency manipulation, or intellectual property rights, they can also be used as geopolitical tools to exert pressure on rival nations, impacting global markets and economic ....
