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tradewar
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The answer TRADEWAR has 15 possible clue(s) in existing crosswords.
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Definitions of tradewar in various dictionaries:
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Tradewar might refer to |
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A trade war is an economic conflict resulting from extreme protectionism in which states raise or create tariffs or other trade barriers against each other in response to trade barriers created by the other party. Increased protection causes both nations' output compositions to move towards their autarky position.Some economists agree that certain economic protections are more costly than others, because they may be more likely to trigger a trade war. For example, if a country were to raise tariffs, then a second country in retaliation may similarly raise tariffs. An increase in subsidies, however, may be difficult to retaliate against by a foreign country. * Trade wars and protectionism have been implicated by some scholars as the cause of some economic crises, in particular the Great Depression. |