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Trade Wars: Why Nobody Really Wins

📑 5 slides 👁 34 views 📅 1/27/2026
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🌍 Trade Wars: Context

Think–Pair–Share: Why do trade wars happen despite tariffs protecting industries?

🌍 Trade Wars: Context
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🎯 Learning Outcome

  • Explain how tariffs and retaliation impact national welfare
  • Success criteria: mention tariffs, retaliation, identify winners/losers
  • Understand the economic ripple effects of trade disputes
🎯 Learning Outcome
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🧠 How a Trade War Starts

  • Country A imposes steel tariffs: domestic producers benefit, consumers pay more
  • Country B retaliates: exports decline, tensions escalate
  • Question: Who gains short-term? Who loses long-term?
🧠 How a Trade War Starts
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🎲 Trade War Simulation

  • Role-play: Represent a country, choose free trade, tariffs, or retaliation
  • Tariffs give +10 points now, retaliation deducts -15 from partner
  • After two rounds: global slowdown affects all participants
🎲 Trade War Simulation
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📝 Key Takeaway

  • Exit Ticket: Explain trade war's impact on national welfare in 2-3 sentences
  • Short-term protection often leads to long-term economic losses
  • Global cooperation typically yields better outcomes than trade wars
📝 Key Takeaway
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