A trade war is initiated when
A) the World Trade Organization issues fines to two or more corporations in a country.
B) two or more companies attempt to undercut one another's pricing strategy.
C) a country begins to accept imports for a new product category or class.
D) a country reduces tariffs for a particular product category or class.
E) countries attempt to damage each other's trade with excessive tariffs and quotas.

Question

Quizplus · Accepted Answer

A trade war occurs when countries impose tariffs or quotas on each other to restrict imports and exports, aiming to harm each other's trade.

A Trade War Is Initiated When