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The US-China trade war began in July 2018 under the administration of then-US president Donald Trump, eventually leading to tariffs on about US$550 billion worth of Chinese goods and US$185 ...
The trade war was expected to significantly disrupt trade between the U.S., Mexico, and Canada and upend supply chains across North America. [ 6 ] [ 21 ] Many economists have expressed skepticism over the effectiveness of Trump's strategy in imposing tariffs, [ 6 ] and many have said that increased tariffs would raise the prices of consumer ...
In 2018, during his first term, Trump initiated a brutal two-year trade war with China over its massive U.S. trade surplus, with tariffs imposed by both sides on hundreds of billions of dollars ...
[112] [113] [114] 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. [115] Three days later, the White House declared that the United States would impose additional 10% tariffs on another $200 billion worth of Chinese imports ...
[141] [142] [143] On April 4, 2018, President Trump responded to speculation tweeting: "We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion.
This article appears in the February/March 2025 issue of Fortune with the headline "Trump’s first trade war caused U.S. firms to flee China. Now comes round 2." Now comes round 2." This story ...
Tuna-Dolphin GATT Case (I and II), part of a larger tuna trade war (1970s–present) Canada–United States softwood lumber dispute (1982–present) Catfish Dispute U.S. versus Vietnam (2001–present) Australia–China trade war, (2017/18–present) China–United States trade war (2018–present) Second Trump tariffs (2025-present)
A paper issued in 2019 by trade economists from the Federal Reserve and Columbia and Princeton universities reported that the trade war was costing the U.S. economy $1.4 billion per month by the ...