1. A trade war is not a war in the literal sense. 2. Could this be a prelude to a trade war even more destructive of world prosperity than a military war? 3. Embattled Mr Major did manage to avert an immediate world trade war. 4. Nevertheless, the danger of a tax trade war remains. 5. No one wants to start a trade war here. 6. Second, we have seen off the threat of a world trade war which would have destroyed any hope of economic recovery. 7. Unless there is complete agreement, there is no agreement at all and there will be a worldwide trade war. |