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What is Trade War

Analyzing Global Responses to Contemporary Regional Conflicts
Situation where two major countries, or in this writing China and the United States, engage in a series of escalating trade barriers and retaliatory measures against each other.
Published in Chapter:
Examining Indonesia's Distinctive Approach in Facing China–US Contest Under the Jokowi Administration: Beyond Trade-Offs
Muhammad Raka Hadiyan (Universitas Airlangga, Indonesia) and Ghulam Phasa Pambayung (Universitas Airlangga, Indonesia)
Copyright: © 2024 |Pages: 20
DOI: 10.4018/979-8-3693-2837-8.ch009
Abstract
Indonesia has been a very successful country to handle the pressure of two superpower contests involving China and the United States, mainly due to its ability to maintain the status of strategic partner for both countries. How could Indonesia maintain that same status while also retaining its distinctiveness in international affairs? Using the method of library research, this writing explored the answer in three sectors of economy, military, and participation in global organizations. After collecting the data, there are at least three points that Jokowi administration relied on to pave the way for Indonesia's success, they are: (1) the desire to put diplomacy and identity/distinctiveness as the backbone; (2) the bravery to include some complex elements; and (3) the move to always show Indonesia's stable growth as an essential value of any negotiation process.
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European Union and China Relations in the Light of Changing Global Order
It occurs when a country imposes tariffs on imported goods in order to protect its own economy.
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Transformation of China's Agricultural Trade in Response to Emerging Tensions on the Global Market
A practice to counterbalance tariff rates in retaliation for the tariff rates of another country in an effort to gain trade advantages.
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Emerging Trade-Related Threats to Food Security: Evidence From China
A practice to counterbalance tariff rates in retaliation for the tariff rates of another country in an effort to gain trade advantages.
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