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Fostering Trade in AfricaThe US-China Trade War: What Is Africa’s Gain?

Fostering Trade in Africa: The US-China Trade War: What Is Africa’s Gain? [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.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Fostering Trade in AfricaThe US-China Trade War: What Is Africa’s Gain?

Part of the Advances in African Economic, Social and Political Development Book Series
Editors: Odularu, Gbadebo O.A.; Hassan, Mena; Babatunde, Musibau Adetunji
Adegboye, Folasade Bosede; Odularu, Gbadebo; Matthew, Oluwatoyin Augustina
Fostering Trade in Africa — Mar 10, 2020
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Publisher
Springer International Publishing
Copyright
© Springer Nature Switzerland AG 2020
ISBN
978-3-030-36631-5
Pages
153 –170
DOI
10.1007/978-3-030-36632-2_7
Publisher site
See Chapter on Publisher Site

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.]

Published: Mar 10, 2020

Keywords: U.S, China; U.S-China trade; Africa; Trade facilitation; Opportunities

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