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Trade War - What You Need To Know!

In this video tutorial, we explain all about trade wars, what they are, what causes countries to go on trade wars, their pros and cons, and much more. What is a trade war? Trade wars are something that takes place when countries try to attack each other’s economies by targeting trade through tax impositions, duties, tariffs, sanctions, and so on. What causes trade wars? Protectionism- Where governments try to protect their domestic industries and workers by restricting international trade. When the other country indulges in unfair trade practices. What are the Pros and Cons of trade wars? Pros: Protects domestic companies from unfair competition. Increases demand for domestic goods. Promotes local job growth. Cons: Increases costs and induces inflation. Causes marketplace shortages. Hurts diplomatic relations, cultural exchange. #tradewar #causesoftradewar #wallstreetmojo For more details, refer to our article at: https://www.wallstreetmojo.com/trade-... Follow us at : Youtube ➤    / @wallstreetmojo   Linkedin ➤   / wallstreetmojo   Facebook➤   / wallstreetmojo   Instagram➤  / wallstreetmojoofficial