Trade wars are economic conflicts that arise when countries impose tariffs or other trade barriers on each other in response to trade policies or practices perceived as unfair. This form of economic warfare typically leads to retaliatory measures, escalating tensions between the nations involved. The goal of a trade war is often to protect domestic industries from foreign competition, reduce trade deficits, or exert political influence. Trade wars can result in increased prices for consumers, disrupted supply chains, and negative impacts on global economic growth, as they can lead to reduced international trade and investment. The term gained prominence in recent years through high-profile conflicts, particularly between major economies like the United States and China, highlighting the complex interplay between international trade policies and national economic interests.
The American economic vulnerability lies in its internationalized oligarchy reliant on global markets. The Trump administration's trade policies, including significant tariffs, threaten to disrupt long-standing economic alliances and supply chains.…