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

  • Folasade Bosede AdegboyeEmail author
  • Gbadebo Odularu
  • Oluwatoyin Augustina Matthew
Chapter
  • 25 Downloads
Part of the Advances in African Economic, Social and Political Development book series (AAESPD)

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 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Folasade Bosede Adegboye
    • 1
    Email author
  • Gbadebo Odularu
    • 2
    • 3
    • 4
    • 5
    • 6
  • Oluwatoyin Augustina Matthew
    • 7
  1. 1.Department of Banking and FinanceCovenant UniversityOtaNigeria
  2. 2.Department of Economics and FinanceBay Atlantic UniversityWashingtonUSA
  3. 3.Socio-Economic Research Applications and Projects (SERAP LLC)WashingtonUSA
  4. 4.Center for Research on Political Economy (CREPOL)Dakar-YoffSenegal
  5. 5.Trade, Economics and Agribusiness DivisionSSCG ConsultingBirminghamUK
  6. 6.American Heritage University of Southern California (AHUSC)OntarioUSA
  7. 7.Department of Economics and Development StudiesCovenant UniversityOtaNigeria

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