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.<br />The globalization has reached a new level where multiple countries get involved in the process of import and export.<br />Under the impact of globalization, many economic changes take place in different countries.<br />Nowadays every country is dependent on another for its development and growth.<br />Petroleum is one of the most significant examples which shows that even the most developed and wealthiest countries in the world depend on others.
