What is a trade War

What comes in the mind of a person when he/she come to face the word War the person would surely suspect the word to military warfare. But there is an other kind of a War and that is a trade war. The weapons of trade war not suprisingly are almost everywhere around us and that are the products we consume even your mobile , laptop or the food you eat or the vehicle you travel in are all can be made of an imported material or the whole equipment or vehicle can be an imported good.

Now to further explain this type of war we can assume the example of two hypothetical countries fabek and mabek now if both are prominent in making metal things and mabek production increases due to subsidizing by its goverment and now fabek is very much depressed by it so it's goverment can impose tariffs on the other and in retaliation mabek can also do the same and it would go on and so forth it can cause a trade war and this whole process can be called as a trade war.

In trade relation a country whose exports are high is much more vulnerable to tariffs than the one whose imports are high.we can take the example of U.S in 1930's when it introduced the Smoot haweley tariffs act for U.S workers and employees as for there security but the Europe and Canada introduced there own tariffs in opposition to it even some countries cut off ties with U.S and made new trade relations with Soviet Russia which benifit the Soviet Russia. Trade wars harms almost all the people perticualrly the poor consumers. The modern potential trade war can be as U.S president Donald Trump wants to impose on selected Chinese goods which are expensive in revenge to Biejing  markets harming Washington markets but China also put a series of tariffs on the same goods which the U.S put the tariffs so there is a trade war between China and U.S

Also most importantly trade wars only decrease the global pace of an economy by wasting consumers money on tariffs and it also destabilize the global trade system as a whole. So in the end it harms more than it benifits.