tariff-and-retaliation game

Definition

Economics

• The game of countries setting tariffs knowing that by doing so they alter the terms of trade to their own advantage. This is one very specific form of trade war.

Nearby Definitions of “tariff-and-retaliation game”

• target marketing
• target price contract
• target program
• target surface
• tariff
• tariff-and-retaliation game
• tariff escalation
• tarpaulin
• tarragon
• tart
• tartare, sauce

Contexts for “tariff-and-retaliation game”

1 definition in context
• Economics