The US-China Trade War: What Is Africa’s Gain?

Adegboye, F.B. and Odularu, G.O and Matthew, Oluwatoyin (2020) The US-China Trade War: What Is Africa’s Gain? In: Fostering Trade in Africa. First Online, pp. 153-170. ISBN 978-3-030-36632-2

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Abstract

A trade war occurs if a country reacts against the other by increasing import tariffs or employing some other constraints on the rival country’s imports. A tariff usually is termed as a charge or levy obligated on the import of goods into a country. In a global context, a trade war could be severely destructive to the consumers and industries of both countries, of which the transmission could be amplified to cause disturbances in several facets of both countries. They could further be referred to as the spinoff of protectionism, which government of countries utilize from time to time in the form of policies which restrain the trade facilitation process. Countries most times usually initiate protectionist concept with the intention of barely preserving domestic industries and entrepreneurs from foreign rivalry. Other than the preservation of domestic industries, it also could be utilized to readjust deficits in trade.

Item Type:	Book Section
Uncontrolled Keywords:	U.S, China  U.S-China trade  Africa  Trade facilitation  Opportunities
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	05 Jul 2022 12:51
Last Modified:	05 Jul 2022 12:51
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/16059

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