trade disputes
A trade dispute occurs when countries disagree over trade practices, such as tariffs, quotas, or subsidies. These disagreements can arise from perceived unfair competition or violations of trade agreements. Trade disputes can lead to negotiations, sanctions, or even retaliatory measures, impacting international relations and economies.
One well-known example of a trade dispute is between the United States and China. This conflict has involved tariffs on various goods, affecting businesses and consumers in both countries. Resolving trade disputes often requires mediation through organizations like the World Trade Organization (WTO) to ensure fair trade practices.