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China–United States trade war

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Bilateral relations
2018 China–United States trade dispute
Map indicating locations of USA and CHN

United States

China

2018 China–United States trade dispute, also known as 2018 China–United States trade war began when US President Donald J. Trump imposed billions of US dollars worth of tariffs on Chinese imports, causing China to impose their own tariffs on US products.

Main media believed that this trade dispute between China and United States is a trade war, but President Donald Trump tweeted stating that "we are not in a trade war with China", and stated on the website of White House that "the action is a response to the unfair trade practices of China over the years."

Events

March

On March 22nd, Trump said he would impose tariffs on some Chinese imports.

May

On May 9, China are cancel order Soybean export to United States From China, Zhang Xiaoping, China director for the U.S. Soybean Export Council said, The buyers literally stopped buying from the U.S.,”“Exporters cannot find any buyers in China".

On May 20, Treasury Secretary Steven Mnuchin interview on Fox News Sunday trade war are put on hold he said, "We are putting the trade war on hold".

References

  1. "Donald J. Trump on Twitter: 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. We cannot let this continue!"". twitter.com. Retrieved 7 April 2018.
  2. "Statement from President Donald J. Trump on Additional Proposed Section 301 Remedies". whitehouse.gov. Retrieved 7 April 2018.
  3. [ https://www.reuters.com/article/us-usa-trade/trump-set-for-china-tariff-announcement-on-thursday-trade-war-fears-grow-idUSKBN1GX20V Trump set for China tariffs announcement on Thursday, Reuters 2018-03-22]
  4. https://www.pbs.org/newshour/world/facing-threat-of-tariffs-china-buyers-cancel-orders-for-u-s-soybeans
  5. https://www.apnews.com/41443aaca704426b9f35b16607271a60
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