Introduction The global economy has become increasingly interdependent, with international trade serving as a lifeline for growth, industrialization, and technological advancement. However, this interdependence also exposes countries to external shocks arising from disputes between major economic powers. The U.S.-China trade war, which began in 2018, has been one of the most significant disruptions in the…
Introduction Tariffs, or taxes imposed on imported goods and services, are one of the oldest tools of international trade policy. While they may appear as a mere economic instrument, tariffs often carry political, strategic, and geopolitical motives. In the modern globalized economy, tariff wars, especially those initiated by the United States, have far-reaching implications beyond…
Introduction The global economy has become highly interconnected, with trade acting as a lifeline for both developed and developing nations. Free trade agreements, globalization, and liberalized markets have enabled countries to specialize in production, exchange goods, and benefit from comparative advantage. However, in recent years, tariff wars—commonly referred to as trade wars—have emerged as a…