The US-China Trade War: What Is Africa’s Gain?

Folasade Bosede Adegboye (), Gbadebo Odularu () and Oluwatoyin Augustina Matthew ()
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Folasade Bosede Adegboye: Covenant University
Gbadebo Odularu: Bay Atlantic University
Oluwatoyin Augustina Matthew: Covenant University

A chapter in Fostering Trade in Africa, 2020, pp 153-170 from Springer

Abstract: 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.

Keywords: U.S; China; U.S-China trade; Africa; Trade facilitation; Opportunities (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:aaechp:978-3-030-36632-2_7

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DOI: 10.1007/978-3-030-36632-2_7

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