Sentences with phrase «blown global trade war»

The last full - blown global trade war was sparked by the infamous Smoot - Hawley tariff of 1930.

Not exact matches

The United States and China have threatened each other with tens of billions of dollars in tariffs in recent weeks, fanning worries of a full - blown trade war that could hurt global supply chains as well as business investment plans.

A tit - for - tat trade war could evolve into a full - blown one that hurts everyone, and would be a slap in the face of the global statesmanship, and commitment to globalization Xi has tried hard to display, most notably with his speech at the original Davos last year, where he presented himself as a counter to the newly - elected Trump's protectionism.

The move, first reported by Reuters, comes at a time when the two countries have threatened each other with tens of billions of dollars in tariffs in recent weeks, fanning worries of a full blown trade war that threatens global supply chains as well as business investment plans.