Protectionism leads to trade wars
Berstein ’22 (Jacob, BA in politics, communications, and studio art from Oberlin College, “How Would a Trade War Affect You?”, 11/30/2022, Investopedia, https://www.investopedia.com/insights/how-would-trade-war-affect-you/)
A trade war happens when countries take protectionist actions against each other as a result of barriers to trade.
Advocates say trade wars protect national interests and provide advantages to domestic businesses.
Critics of trade wars claim that they ultimately hurt local companies, consumers, and the economy.
In response to U.S. tariffs, China imposed its own tariffs on U.S. imports to China of pork, soybeans, and sorghum.
The trade war launched in 2018 between America and China continues even though it's believed that some tariffs imposed on China have damaged U.S. interests.
The term trade war is used to describe an economic conflict where, in response to protectionism, countries impose trade barriers such as tariffs, restrictions, and quotas against each other.
Basically, one country imposes targeted tariffs on another’s economy in order to protect its own economy, or to hurt that of its adversary. The former may believe that the trading practices of the latter are unfair.
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