Trade War Explained

A trade war is not a new term that is introduced to the world instead it is an old methodology which is utilized by different countries to damage the trade of one another.
The globalization has reached a new level where multiple countries get involved in the process of import and export.
Under the impact of globalization, many economic changes take place in different countries.
Nowadays every country is dependent on another for its development and growth.
Petroleum is one of the most significant examples which shows that even the most developed and wealthiest countries in the world depend on others.