When a country starts to introduce trade barriers to influence the trade economic measures of another country, something called a trade war begins. In this article you’ll learn about how trade wars work, and the effects they have on society.
What are trade wars?
Trade wars are a form of political warfare in which nations try to punish each other through various trade economic measures, like increased customs fees. A trade war can, for example, start if a country decides to implement various protectionist measures to favour a certain industry, and which have negative consequences for another country. The other country can then decide to make a statement by increasing customs fees on a certain product that the first country is reliant on.
Who is affected by trade wars?
Despite the trade economic measures of a trade war being used to influence a specific county, it’s far from just that country that is affected. Other than higher costs domestically in the countries involved in a trade war, the industries of outside countries will also be affected by the trade barriers.
Send your company parcels with PostNord
As the leading transport company in the Nordics, we have vast experience of transporting products to countries in and outside of the EU. By becoming a business client of ours, you can ensure that your products are delivered quick and safely, and that your customers get the purchasing experience they deserve. Our business platform, Portal Business, will help you send personalised mass send-outs to customers, make your logistical flows more efficient, and more – completely free.
Click here for more information.