Strategy For The Global Trade War In The Digital Economy

Abstract

Trade wars have become a characteristic phenomenon in the development of the modern world economy. The greatest damage to business in the world is caused not only by the global competition in the framework of technological revolution, global pandemic, but by the ongoing trade wars. The global impact of trade wars is the most predictable event in the world for the foreseeable future. A trade war in the truest sense of this combination meant a clash of two states with the use of weapons over a sphere of influence in a certain territory, water area. In a more modern interpretation, trade wars were associated with protectionist policies and measures to protect the domestic market using tariff and non-tariff barriers. The methods of waging trade wars have transformed into long-term economic embargoes, driven largely by political motives with increased international competition. At the present stage, trade wars have affected the digital sphere, they seriously destabilize the economy, they are a weapon for curbing economic development, preventing the integration of national economies into the global world economy, and gaining global leadership by them. The study of the nature and essence of trade wars, analysis of global strategy, modern methods of their conduct in the digital economy are of scientific interest.