"Trade retaliation" refers to the act of responding to unfair trade practices by imposing similar actions or penalties on another country. It is like a tit-for-tat response to address and counteract actions that are seen as harmful or unfair in the field of international trade.
Full definition
There's also an anti-dumping provision aimed at Mexico that has been sought by Florida and U.S. Southeast specialty crop producers, but analysts say it could
ignite trade retaliation.
Alberta's premier
threatened trade retaliation against British Columbia for standing in the way of the pipeline, Canadian premier Justin Trudeau hinted that he could complete the project with taxpayer money, and BC's premier dug in his heels, recommitting his government to defending the coast from the risk of an oil spill.
Starling shares industry concerns over possible
Chinese trade retaliation and understands the levity of a pending White House decision on the Renewable Fuel Standard.
So it's likely that Trump's administration will invoke the president's
unilateral trade retaliation authority as leverage to resolve problems through negotiated settlements.
Now, the tariffs alone are likely to hurt the economy, but a strong majority of Fed officials said that the possibility
of trade retaliation and general uncertainty over the policy could wind up being damaging.
At home, there is a proposed inclusion of a «Buy American» provision in the economic recovery package and this could set off
trade retaliation from importers of US goods.
The approval came despite a report by The Buffalo News last month that Canadian officials were not ruling out
taking trade retaliation steps once Cuomo approved the «Buy American» measure.
There's also an anti-dumping provision aimed at Mexico that has been sought by Florida specialty crop producers but analysts say it could
ignite trade retaliation.
Chinese trade retaliation this week has targeted U.S. agriculture, but one farm sector that has avoided the tariff hit list, at least so far, is dairy.
The director general of the WTO said
the trade retaliation is the last thing the world economy needs right now.