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Trade Wars Batter Defence Industry – And Sometimes Lead to Real Wars
The USA’s ‘Liberation Day’ tariffs are a recurring pattern throughout history. These trade barriers have struck the defence industry hard, disrupting imports and exports. In 2024, American defence exports were valued at over $300 billion. Nations have long used trade barriers as instruments of power, and in some cases, these economic skirmishes have spiralled into full-scale military confrontations.
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By Nordic Defence ReviewThe USA’s ‘Liberation Day’ tariffs are a recurring pattern throughout history. These trade barriers have struck the defence industry hard, disrupting imports and exports. In 2024, American defence exports were valued at over $300 billion. Nations have long used trade barriers as instruments of power, and in some cases, these economic skirmishes have spiralled into full-scale military confrontations.