US-China trade conflict is 'the new cold war,' economist says | Squawk Box Europe
U.S.-China trade dispute expected to cost U.S. companies and consumers
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US China Trade War Explained -Who Needs Who?
A trade war is an economic conflict resulting from extreme protectionism in which states raise or create tariffs or other trade barriers against each other in response to trade barriers created by the other party. Increased protection causes both nations' output compositions to move towards their autarky position.