BROWSE

Tariff War

Definition

A Customs war, also known as a toll war or tariff war, is a type of economical conflict between two or more states. In order to pressure one of the states, the other raises taxes or tariffs for some of the products of that state. As a reprisal, the latter state may also increase the tariffs.

What is a 'Tariff War'

An economic battle between two countries in which Country A raises tax rates on Country B's exports, and Country B then raises taxes on Country A's exports in retaliation. The increased tax rate is designed to hurt the other country economically, since tariffs discourage people from buying products from outside sources by raising the total cost on those products

Explaining 'Tariff War'

One reason why a country might incite a tariff war is because it is unhappy with one of its trading partners' political decisions. It hopes that by putting enough economic pressure on the country, it can force a change in the opposing government's behavior. This type of tariff war is also known as a "customs war".


Further Reading


Economic impacts of the possible China–US trade war
www.tandfonline.com [PDF]
… Introducing non-tariff barrier trade wars will intensify the negative effects, and comparatively negative effects to … to levy 45% punitive tariffs on imports from China, and levy 35% punitive tariffs on imports from … China–US trade war is not just a threat by Trump, it may occur in some …

A differential game model of tariff warA differential game model of tariff war
www.sciencedirect.com [PDF]
… Introducing non-tariff barrier trade wars will intensify the negative effects, and comparatively negative effects to … to levy 45% punitive tariffs on imports from China, and levy 35% punitive tariffs on imports from … China–US trade war is not just a threat by Trump, it may occur in some …

A tariff-growth paradox? Protection's impact the world around 1875-1997A tariff-growth paradox? Protection's impact the world around 1875-1997
www.nber.org [PDF]
… Introducing non-tariff barrier trade wars will intensify the negative effects, and comparatively negative effects to … to levy 45% punitive tariffs on imports from China, and levy 35% punitive tariffs on imports from … China–US trade war is not just a threat by Trump, it may occur in some …

Tariffs and aggregate economic activity: Lessons from the Great DepressionTariffs and aggregate economic activity: Lessons from the Great Depression
www.sciencedirect.com [PDF]
… Introducing non-tariff barrier trade wars will intensify the negative effects, and comparatively negative effects to … to levy 45% punitive tariffs on imports from China, and levy 35% punitive tariffs on imports from … China–US trade war is not just a threat by Trump, it may occur in some …

Watersheds and turning points: Conjectures on the long-term impact of Civil War financingWatersheds and turning points: Conjectures on the long-term impact of Civil War financing
www.jstor.org [PDF]
… Introducing non-tariff barrier trade wars will intensify the negative effects, and comparatively negative effects to … to levy 45% punitive tariffs on imports from China, and levy 35% punitive tariffs on imports from … China–US trade war is not just a threat by Trump, it may occur in some …

Why did the tariff–growth correlation change after 1950?Why did the tariff–growth correlation change after 1950?
link.springer.com [PDF]
… Introducing non-tariff barrier trade wars will intensify the negative effects, and comparatively negative effects to … to levy 45% punitive tariffs on imports from China, and levy 35% punitive tariffs on imports from … China–US trade war is not just a threat by Trump, it may occur in some …

Always protectionist? Latin American tariffs from independence to Great DepressionAlways protectionist? Latin American tariffs from independence to Great Depression
www.jstor.org [PDF]
… Introducing non-tariff barrier trade wars will intensify the negative effects, and comparatively negative effects to … to levy 45% punitive tariffs on imports from China, and levy 35% punitive tariffs on imports from … China–US trade war is not just a threat by Trump, it may occur in some …


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