Meaning of “trade war” in the English Dictionary

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"trade war" in Business English

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trade warnoun [ C ]


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.

(Definition of “trade war” from the Cambridge Business English Dictionary © Cambridge University Press)

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