US China Trade War Summary
The US-China Trade War is a long-running economic conflict characterized by trade barriers, tariffs, and difficult diplomatic ties between the two biggest economies in the world. The war began in 2018 when the US imposed tariffs on Chinese imports, and China responded with retaliatory measures. Since then, the fight has spread throughout the world, disturbing supply chains, creating market uncertainty, and limiting economic growth.
In 2020, a phase-one trade agreement was signed, but tensions still exist, hanging large over sectors, financial markets, and international diplomacy. The current negotiations to break this trade conflict will have a major effect on how the world economy develops.
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US-China Trade War: Timeline, Impact, Summary
The US-China Trade War began in 2018 with President Donald Trump imposing tariffs and other trade obstacles on China. The trade war has reduced trade between the two countries, causing a shift to imports from other regions. This turned into a “cold war” stimulated by ideological disagreements. The United States and China have a long history of economic rivalries. In 2021, 8.6% of US exports and 17.9% of US imports came from China. Mechanical appliances, sound recorders, and televisions are the most commonly traded commodities.
In this article, we will look into the timeline, impact, mitigation strategies, and summary of the US-China Trade War.
Table of Content
- What is the US-China Trade War?
- US-China Trade War Timeline
- US-China Trade War 2023
- US-China Trade War Impact on Global Economy
- US-China Trade War Impact on India
- US-China Trade War Mitigation Strategies
- US-China Trade War Summary
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