
Trump to meet Modi as India-U.S. Tariff War comes to a head? PM Modi to visit U.S. in September
Prime Minister Narendra Modi is expected to visit the U.S. next month for the UNGA summit, with a possible meeting with Donald..
A trade war is an economic conflict often resulting from extreme protectionism, in which states raise or implement tariffs or other trade barriers against each other as part of their commercial policies, in response to similar measures imposed by the opposing party. If tariffs are the exclusive mechanism, then such conflicts are known as customs wars, toll wars, or tariff wars; as a reprisal, the latter state may also increase the tariffs. Trade war arises only if the competitive protection between states is of the same type and it is not valid in case of dumping exports. Increased protection causes both nations' output compositions to move towards their autarky position. Minor trade disagreements are often called trade disputes when the war metaphor is hyperbolic.
Prime Minister Narendra Modi is expected to visit the U.S. next month for the UNGA summit, with a possible meeting with Donald..
Beijing has launched a fiery response to the U.S. President Donald Trump’s announcement of a sweeping 50% tariff on Chinese..