What is the term used to describe when one country retaliates to a tariff on its exports with tariffs on its imports?
A) a tariff war
B) a tariff tiff
C) a tariff conflict
D) a tariff fight

Question

Quizplus · Accepted Answer

When one country retaliates to a tariff on its exports with tariffs on its imports, it can lead to a cycle of increasing tariffs and counter-tariffs, also known as a tariff war. This can harm trade relations and potentially harm the economies of the countries involved.

What Is the Term Used to Describe When One Country