Download ClearTax App to file returns from your mobile phone. ClearTax is a product by Defmacro Software Pvt. Ltd. Privacy Policy Terms of Use.ProductsITIncomeTaxFilingFileIncometaxreturnsforfreein7minutesEXExpertAssistedServicesGetexperthelpfortaxfilingorstartingyourbusiness80cNewTaxSavingCuratedMutualFunds&plansfortaxsavingsMFNewMutualfundInvestmentsInvestinbestGrowthmutualfundsGSTGSTSoftwareCompleteGSTfiling&billingsolutionTCTaxCloud(DirectTaxSoftware)I-T,e-TDS&AuditSoftwareforCAs&TaxProfessionalsEINVe-InvoicingSoftwareCompletesolutionforallyoure-invoicingneedsAboutusHelpCenterIncomeTaxGSTe-InvoicingMutualFundsBusinessLogInWheredoyouwanttologin?IncomeTaxE-FilingGSTSoftwareMutualFundsSignUpSignUpSignUpLogInIncomeTaxE-FilingGSTSoftwareMutualFundsProductsITIncomeTaxFilingEXExpertAssistedServices80cTaxSavingMFMutualFundInvestmentsGSTGSTSoftwareTCTaxCloud(DirectTaxSoftware)NeedHelp?AboutusE-fileyourIncomeTaxReturnsforFREEJustuploadyourForm16andfinishfilingin7minsStartYourTaxReturnUploadForm16E-fileyourIncomeTaxReturnsforFREEJustuploadyourForm16andfinishfilingin7minsStartYourTaxReturnUploadForm16GlossaryTrendinghomeEconomyEconomicsSpilloverEffectCategoryEconomySubcategoriesSpilloverEffectReviewedbySweta|UpdatedonMay18,2021ShareCatalogueIntroductionThespillovereffectreferstotheeffectontheeconomyofacountryfromunrelatedeventshappeninginanothercountry.Events,includingnaturalcalamities,suchasearthquakesorpoliticalcrisisinanothercountrycanhavepositiveornegativeeffectsontheeconomyofacountry.UnderstandingSpilloverEffectThespillovereffectisrelatedtotheeffectsofglobalisation,internationaltrade,andinterconnectedfinancialmarketsbetweendifferenteconomiesoftheworld.AnexampleofthespillovereffectistheUS-Chinatradewar.Chinahadbeenthesecond-largesttradepartneroftheUS,afterCanada.TheinterdependencyofUS-Chinatradeincreasedoveraperiodoftime.However,theUSimposedheavytariffsonChinesegoodssinceearly2018.ChinaretaliatedbyimposingtariffsonUS-madeproducts,thusresultinginatradewarbetweenthetwolar