| 释义 |
trade war A situation when countries try to damage each other's trade. Methods of trade war include tariffs, quota restrictions, or outright prohibitions on imports from the other country; and subsidies or subsidized credit for exports to the other country, or for exports to third countries where the opponent is a rival. During a trade war such methods may be intensified in a series of tit-for-tat reprisals for measures taken by the opponent. Economists believe that both parties usually lose from trade wars. |