Home > Term: escalation
escalation
1. Regarding the structure of tariffs, see tariff escalation. 2. In the context of a trade war, escalation refers to the increase in tariffs that occurs as countries retaliate again and again.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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Creator
- Noroc
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(Silver) 911 points - 100% positive feedback
