Conflicts or disagreements between countries regarding trade policies, tariffs, or the exchange of goods and services.
Related terms
Tariffs: Taxes imposed on imported goods by a country's government to protect domestic industries and regulate international trade.
Protectionism: An economic policy that aims to shield domestic industries from foreign competition through measures such as tariffs, quotas, or subsidies.
Free Trade: A policy that promotes the exchange of goods and services between countries without restrictions or barriers like tariffs.