2018 China–United States trade war
On July 6, 2018 U.S. President
The U.S. is relying partly on
On January 23, 2018, President Trump placed a 30% tariff on foreign
On March 22, 2018, President Trump had the
On April 2,
On May 20, it was reported that Chinese officials had agreed to "substantially reduce" America's trade deficit with China by committing to "significantly increase" its purchases of American goods. As a result,
The White House announced on May 29, that it would impose a 25% tariff on $50 billion of Chinese goods with "industrially significant technology;" the full list of products affected to be announced by June 15. It also planned to impose investment restrictions and enhanced export controls on certain Chinese individuals and organizations to prevent them from acquiring U.S. technology. China said it would discontinue trade talks with Washington if it imposed trade sanctions."
On June 15, Trump declared in a short White House statement that the United States would impose a 25% tariff on $50 billion of Chinese exports. $34 billion would start July 6, with a further $16 billion to begin at a later date. China's Commerce Ministry accused the United States of launching a trade war and said China would respond in kind with similar tariffs for US imports, starting on July 6. Three days later, the White House declared that the United States would impose additional 10% tariffs on another $200 billion worth of Chinese imports if China retaliated against the U.S. tariffs. The list of products included in this round of tariffs was released on July 11 and was set to be implemented within 60 days.
China retaliated almost immediately with its own tariffs on $50 billion of U.S. goods, and claimed the United States had "launched a trade war." Import and export markets in a number of nations feared the tariffs would disrupt supply chains which could "ripple around the globe."
American tariffs on $34 billion of China goods came into effect on July 6, 2018. China imposed retaliatory tariffs for the same amount. The tariffs accounted for 0.1% of the global