| 单词 | retaliation |
| 释义 | retaliation A policy change made to punish another firm or country for its actions. In a trade war, for example, country 1 retaliates to quotas on its exports to country 2 by imposing quotas on 2's goods. It is difficult in practice to distinguish between deliberate retaliation and policy changes which are simply a reaction to a worsening in country 1's position. If a fall in exports to country 2 worsens country 1's balance of payments, 1 may restrict imports for balance-of-payments reasons; while a fall in its exports injures country 2, this is a by-product rather than an objective of country 1's policy. |
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