04/26/2025
A trade war is an economic conflict between two or more countries that involves trade protection measures, such as increasing import tariffs, applying quotas, subsidizing domestic enterprises, or imposing trade embargoes.
In economic history, there has always been a conflict of interests between countries, especially the great powers, at some point in time. In addition to the most recent trade war between the United States and China, we can learn about many other trade wars that have occurred in the history of the world economy
Some trade wars and events
• Anglo-Dutch War (1652–1784)
• O***m Wars (1839–1860)
• Banana War (1898–1934)
• Smoot–Hawley Tariff Act (1930)
• Anglo-Irish Trade War (1932–1938)
• Trade War over Genetically Modified Foods (2010–2011)
• Trump’s Tariff Policy (2018)
• US-China Trade War (2018–present)
• Japan-Korea Trade War (2019–present)