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A battle over subsidies to two planemakers, Boeing and Airbus, could yet erupt into outright trade war.
Crucially, even when it does give permission to strike back, the WTO limits the amount of retaliation based on the damage caused, preventing small skirmishes over a few million dollars of trade from becoming outright trade wars.
An outright trade war would hurt more EU exporters, such as German carmakers, but could prove ruinous for Russia, which depends on imports for everything from consumer goods to advanced industrial equipment.
The US government last week fired the opening shots of an outright trade war by placing tariffs on $34bn of Chinese goods.
Based on China's recent behavior, any rash moves along those lines could trigger a deeply bitter reaction and possibly an outright trade war that, frighteningly, the U.S. would not win.
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That puts them in the bind of having to make outright trades or sign-and-trade deals.
Questionable China-Pakistan deal draws little comment from U.S. Diplomacy sometimes consists of winks and nods, not outright trades.
We need to keep in mind that North and South Korea are not so much trading outright threats as trading blustering vows of how they would retaliate if attacked.
First, the site is focusing on loaners, not outright permanent trades.
Appendix I covers species that may be at risk for outright extinction — trading animals found on that list is outright forbidden.
Unlike the Conservatives, Alternative für Deutschland rejects outright the free trade agreement between Europe and the US in its current form.
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