Trade War

A trade war occurs when countries impose tariffs or other trade barriers on each other’s goods to protect their domestic industries or gain economic advantages. This often leads to retaliatory measures, escalating tensions and reducing international trade. The main idea is to make imported goods more expensive, encouraging consumers and businesses to buy locally. While aimed at strengthening domestic markets, trade wars can disrupt global supply chains, increase costs for consumers, and slow economic growth. They reflect a conflict over economic policies and priorities, often influenced by political or strategic interests.