After the Obama regime, came Donald John Trump with a number of controversial (aggressive) trade protectionism plans saying thereby “China’s accession to the World Trade Organization has enabled the greatest jobs theft in history” and “Trillions of our dollars and millions of our jobs flowed overseas as a result.” Even during the COVID-19 period in the 2020s, threats and counter-threats have been on the ascend. Under the Obama Administration, currency war and tariff war both became strong between the United States and China with intense effect over the globe. ![]() However, trade becomes more intense in the present century with the increase of the economic trade instruments. Some of the trade wars may be cited as (i) The First and Second Opium War Empire between 18 (ii) The Smoot-Hawley Tariff Act, 1930 signed by US President Herbert Hoover (iii) Chicken wars in the early 1960s (iv) The US–Japan automobile trade war in the 1980s (v) 1985 Pasta War between America under the Regan Administration of United States and Europe (vi) The Banana wars. ![]() Trade war among the nations dates back mainly to the nineteenth century.
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