tariff war

tariff war definition - business

tariff war

A series of increases in tariffs between two or more countries attempting to gain a trade advantage. For example, a U.S. increase in tariffs on imported clothing from China is followed by a Chinese increase in tariffs on beef imported from the United States.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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