2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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USA and Japan
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USA and Canada
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USA and Iran
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USA and China
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Detailed explanation-1: -The trade war between China and the United States is hurting consumers and producers in both countries.
Detailed explanation-2: -A trade war is an economic conflict between countries. This results in both countries imposing trade protectionist policies against one another in the form of trade barriers.
Detailed explanation-3: -What Is a Tariff War? A tariff war is an economic battle between countries where each levies an additional tax on the other’s exports. Tariff wars generally start when leadership in one country is unhappy with a trade partner’s trading behavior or for geopolitical reasons.
Detailed explanation-4: -A trade war occurs when a nation imposes tariffs or quotas on imports, and foreign countries retaliate with similar forms of trade protectionism. As it escalates, a trade war reduces international trade. A trade war starts when a nation attempts to protect its domestic industry and create jobs.