THE IMPACT OF TRADE WARS ON GLOBAL BUSINESS OPERATIONS

This paper reveals the impact of trade wars on global business operations. A ‘trade war’ represents on economic conflict in which countries try to impose protectionist policies in trade barriers. Contries do this to disrupt increase prices, chains and economic instability. This is an unfair practice where negative consequences are paramounted in trade. Many aspects of protectionism are visible here. Tarrifs, domestic Subsidies, embargoes and import quotas emphasize economic slowdown and potentiality of conflict in this present era.