Which of the following is an example of a trade war?

Question

Consumers in two countries refuse to buy the goods of the other country.

Two countries compete to see which can produce the most of a certain good.

Two countries reduce all trade restrictions on each other.

Two countries impose tariffs on each other’s products.

Answer 1

The example of a trade war among the options provided is:

Two countries impose tariffs on each other’s products.

A trade war typically involves countries engaging in retaliatory measures, such as imposing tariffs or other trade barriers, in response to each other's trade policies.