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English definition of “trade war”

trade war

noun [C]
 
 
COMMERCE, POLITICS
a situation in which two or more countries raise import taxes and quotas (= limits on numbers of goods) to try to protect their own economies: avert/avoid/start a trade war The agreement will help the two countries avert a trade war. The issue had threatened to escalate into a full-blown trade war. a damaging trade war
(Definition of trade war from the Cambridge Business English Dictionary © Cambridge University Press)
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