The answer is true if its a true/false question.
Answer:
caused lost of jobs and decrease in GDP
Explanation:
During trade wars, 2 or more countries are limiting (or prohibiting) the flow of goods of service that is made from the other party. This tend to lead to a reduction in the overall target market and decrease in Net export (which will also lead to a decrase in Gross Domestic Products)
For example, according to the research conducted by Moody analytic, Trade war with China cost United States around 300,000 of potential jobs and a reduction of 0.3% from the overall GDP.
Answer:
The Navigation Act of 1660 forbade colonists from trading specific items such as sugar and cotton w/ any country other than England. You have to pass through English ports. Many colonists wanted more freedom to buy or sell goods wherever they could get the best price.
