The British Empire has a long history of such trade battles. An example can be seen in the opium wars of the 19th century with China. The British had been sending India-produced opium into China for years when the Chinese emperor decreed it to be illegal. Attempts to settle the conflict ...
Consequences: After filing eight complaints with the World Trade Organization, the European Union, in 2009, agreed to gradually ease the tariffs, and, in 2012, the banana war finally ended. “I never in my life thought I would spend so much time on bananas,” then-secretary of state Madele...
This is an introduction to the history of trade wars. We will touch on the trade war that may have led to the Great Depression in the 1930s and the many trade wars since 1945. The interest in the subject of this introduction is derived from the ongoing trade wars between the United ...
to prevent the growth of China's military strength; and d) to reduce the federal budget deficit. It is confirmed and concluded that trade wars have no winners. Taking into account the two countries' GDP scale and export volumes, the US-China trade war will come amid a slowdown in the gl...
As Adam Posen, president of the Peterson Institute for International Economics put it, "Trump's soundest argument in his election campaign was that he would not waste American lives and treasure in pointless wars of choice. His launching a trade war would prove, however, to be his economic ...
Results show that trade wars can be more pronounced when the polluting good traded is subject to environmental regulations in the country of origin. Despite being politically inclined, policy makers may also face a trade-off from trade policies chosen that have several implications on welfare gains...
As of 2013, TradeWars has beenhostedon over 21,000 different sites in59 different countries, with some sites hosting the game continuously forover 25 years In 1995, when there were 400 active MUD sites, TradeWars was running on over14,000 different sites ...
GENEVA, March 23 (Xinhua) -- No country can benefit from trade wars, said Lu Xiankun from the International Trade, Development, Economic Governance and Advisory Services Center (IDEAS Center) in an interview with Xinhua on Friday. "Plenty of study results and history have shown that no countr...
In public trade law, the international sale of goods raises several additional complexities beyond the issues noted above.International tradeis so important to national interests that documents such as the U.S.Declaration of Independencediscuss it, wars have been fought over it, and whole economies ...
Conventional wisdom in economic history suggests that conflict between countries can be enormously disruptive of economic activity, especially international trade. We study the effects of war on bilateral trade with available data extending back to 1870. Using the gravity model, we estimate the contempor...