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ALL ABOUT CHINA, AND AMERICA TRADE WAR.
ALL ABOUT CHINA,
AND AMERICA
TRADE WAR
February- March, 2018
• The US implements ‘global safeguard tariffs’ – placing a 30 percent
tariff on all solar panel imports and a 20 percent tariff on washing
machine imports.
• Trump signs a memorandum directing the following acts:
– To file a WTO case against China for their discriminatory licensing practices
– To restrict investment in key technology sectors
– To impose tariffs on Chinese products
Source Google image
April-May, 2018
• China imposes tariffs on 128 products including fruit, wine,
seamless steel pipes, pork and recycled aluminium.
• The USTR releases an initial list of 1,334 proposed products subject
to a potential 25 percent tariff.
• US and China agree to put the trade war on hold after China
reportedly agrees to buy more US goods.
Source Google image
June-August, 2018
• China revises its initial tariff list (25 percent on 106 products) to now
include a 25 percent tariff on 545 products.
• US implements first China-specific tariffs US
• US releases second tariff list US
• China announces second round of tariffs on US products
• China files WTO claim against US
Source Google image
September-December, 2018
• China announces retaliation for US tariffs
• China cancels trade talks with US
• US and China implement third round of tariffs US
• US and China agree to temporary truce
• China to temporarily lower tariffs on US autos; resumes buying US
soybean exports
Source Google image
January-March, 2019
• US and China engage in 3-day trade talks in Beijing
• US cancels preparatory talks with China
• US and China hold 2-day trade talks in Washington D.C.
• China extends the suspension of additional tariffs on US autos and
auto parts
Source Google image
April-June, 2019
• China bans all types of fentanyl
• US and China hold trade talks in Washington
• US and China agree to establish trade deal enforcement offices
• Trump threatens to raise tariffs on China
• China announces tariff hikes
Source Google image
July-September, 2019
• Trump threatens tariffs on US$325 billion of Chinese goods
• Shanghai trade talks end with little progress being made
• US declares China is a currency manipulator
• Chinese companies suspend new US agricultural product
purchases
• China lodges WTO tariff case against the US
• US-China mid-level trade talks in Washington
Source Google image
October-December, 2019
• US announces “Phase 1” deal, delays tariff increase for Chinese
goods
• US tariff exclusion process for US$300 billion of Chinese imports
• US, China negotiators talk over phone
• China wins WTO case
• US, China agree to ‘phase one deal’
Source Google image
January-March, 2020
• US officially drops China’s currency manipulator label
• US, China sign phase one trade deal
• China unveils new tariff exemption lists for US imports
Source Google image
April-May, 2020
• China-US reaffirm their phase one trade deal commitments over the
phone
• China announces new list of US commodities excluded from tariffs
• Total US tariffs applied exclusively to Chinese goods: US$550
billion
• Total Chinese tariffs applied exclusively to US goods: US$185
billion
Source Google image
June
THANK YOU
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