Trade Wars and their Effects on Global Economies

Abstract

Trade wars, characterized by escalating tariffs and trade barriers between nations, have become a prominent 
feature of the contemporary global economic landscape. This abstract provides a concise overview of the key themes 
and impacts associated with trade wars on the interconnected web of world economies. The paper begins by 
delineating the origins and triggers of trade wars, highlighting the role of protectionist measures, geopolitical 
tensions, and economic imbalances. It explores the historical context of trade wars, drawing parallels with past 
instances and examining the evolution of trade policies. An analysis of the multifaceted effects of trade wars on 
global economies follows. The study scrutinizes the immediate economic consequences, including disruptions in 
supply chains, reduced international trade, and fluctuations in currency values. It delves into the nuanced impacts 
on industries, such as agriculture, manufacturing, and technology, elucidating how trade wars can reshape global 
market dynamics.