Trade wars

Origin of trade wars and how is it going

Transcript

1. Osipov E.
2. trade war side effect of protectionism very damaging to the consumers and businesses The origin of trade war
3. Economic reasons An increase in import volumes, which can damage country’s economy Imposition of import duties Response to tough trade policy of competing countries As a way out of the country's crisis and increase economic status e.g. Japan in 80s
4. - struggle for power, when the goal is dominance in the world market Trade war between China and the United States since 2018 - desire of states to seize new sales markets Political reasons
5. Methods of waging trade war A decrease in export customs tariffs Reducing export quotas Using dumping prices Economic blockade and embargo Cessation of the supply of the most necessary goods to rival country Delivery of deliberately low-quality products Offensive trade war Increase in import customs duties Increasing import quotas Introduction of non-tariff restrictions The use of technical barriers that make it difficult to comply with import goods to national standards and specifications A ban on the import of products from a rival country Defensive trade war
6. Is the trade war a path to war conflicts?
7. According to previous centuries – yes… Anglo-Dutch Wars (1652–1784) Opium Wars (1839–1860) Banana Wars (1898–1934) Smoot–Hawley Tariff Act (1930), a United States Act implementing protectionist trade policies The Great Depression and World War 2
8. «Banana» war - the US and the EU. The 1999 year. Result: the US awarded $520 million in trade duties per year «Meat» war - the US and the EU. The 1999 year. The USA awarded trade duties of $116 million per year «Tax» war - the US and the EU. 2000 - 2002 years. Result: EU awarded trade duties of $4 billion per year But there are trade wars of 21 century…
9. Over the past century, the principles and methods of conducting a trade war have not changed, but the goal now is not to win in a competing dispute, but to harm as much as possible the economy of another country
10. • Pukhova E.V. Torgovye voiny nashego vremeni • James Chen. Trade war • Chernova G. A. Izuchenie prichin vozniknovenija torgovyh vojn • Mytareva E. A. «Torgovaja vojna» kak sredstvo netarifnogo regulirovanija mezhdunarodnoj torgovli References