trade war
side effect of
protectionism
very damaging to the
consumers and
businesses
The origin of
trade war
Slide 3
Slide 3 text
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
Slide 4
Slide 4 text
- 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
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Slide 5 text
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
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Is the trade war a path to war conflicts?
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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
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«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…
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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
Slide 10
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• 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