price war

noun

: commercial competition characterized by the repeated cutting of prices below those of competitors

Examples of price war in a Sentence

The airlines are engaged in another price war.

Recent Examples on the Web

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The truth is, after losing revenue for nine of the last 15 years, in a market where oversupply and price wars made foreign steel more attractive (now 25 percent of U.S. domestic consumption), the deal was a lifeline for U.S. Steel. —

David Faris, Newsweek, 4 Nov. 2024 Target is the latest major retailer to chop the price of its Thanksgiving meal bundle, joining Aldi and Walmart in a holiday price war. —

Jordan Valinsky, CNN, 28 Oct. 2024 Weak consumption and a rapid rise in output have led to intense price wars in sectors including electric vehicles and solar. —

Jason Ma, Fortune, 13 Oct. 2024 The Saudi oil minister's remarks were interpreted by other producers as a veiled threat that the kingdom is willing to launch a price war to keep its market share if other countries don't abide by the group's agreements. —

Robert Daugherty, Forbes, 3 Oct. 2024 See all Example Sentences for price war