Trade Wars

Trade wars occur when countries impose tariffs or other restrictions on each other's goods to protect domestic industries or achieve strategic goals. These actions can lead to retaliatory measures, escalating tensions into a cycle that disrupts global supply chains, raises costs for consumers and businesses, and can slow economic growth. Essentially, trade wars are conflicts over trade policies that threaten international cooperation and economic stability, often triggered by disagreements over fair trade practices or attempts to gain economic leverage.