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Trade war

Two or more states raising or creating tariffs or other trade barriers on each other in retaliation for other trade barriers

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Trade war: Two or more states raising or creating tariffs or other trade barriers on each other in retaliation for other trade barriers
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.

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