Generally, a period in which each of two countries alternate in further restricting trade from the other. More specifically, the process of tariffs and retaliation.
Related information about trade war:
- Trade war - Wikipedia, the free encyclopedia
A trade war refers to two or more states raising or creating tariffs or other trade barriers on each other in retaliation for other trade barriers. Increased protection ...
- Trade War Definition | Investopedia
A negative side effect of protectionism that occurs when Country A raises tariffs on Country B's imports in retaliation for Country B raising tarrifs on Country A's ...
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Apr 10, 2012 ... The Obama administration's obsession with “green energy” is pushing us toward a needless and costly trade war with China over solar panels ...