US-China Trade War.
                     US-China Trade War
Trade war
The China–United States trade war is an ongoing 
economic conflict between the world's two 
largest national economies and the world's two 
superpowers. President Donald Trump in 2018 
began setting tariffs and other trade barriers on 
China with the goal of forcing it to make changes 
to what the U.S. says are "unfair trade 
practices".
Source: Google Images
What’s happening?
The world's two largest economies have been 
locked in a bitter trade battle. The dispute has 
seen the US and China impose tariffs on 
hundreds of billions of dollars worth of one 
another's goods. US President Donald Trump has 
long accused China of unfair trading practices 
and intellectual property theft.
Source: Google Images
Current status
In China, there is a perception that America is 
trying to curb its rise as a global economic 
power. Negotiations are ongoing but have proven 
difficult. In January 2020, the two sides signed a 
preliminary deal but some of the thorniest issues 
remain unresolved. 
Source: Google Images
Impact
Uncertainties around the trade war have hurt 
businesses and weighed on the global economy. 
In the United States, the trade war has brought 
struggles for farmers and manufacturers and 
higher prices for consumers. In other countries 
also, it has caused economic damage.
Source: Google Images
What tariffs have been 
imposed?
Trump's tariffs policy aims to encourage 
consumers to buy American products by making 
imported goods more expensive. The US has 
imposed tariffs on more than $360bn of Chinese 
goods, and China has retaliated with tariffs on 
more than $110bn of US products.
Source: Google Images
A deal soon?
Under the "phase one" deal signed in January, 
China pledged to boost US imports by $200bn 
above 2017 levels and strengthen intellectual 
property rules. The US agreed to halve some of 
the new tariffs it had imposed and said it will 
tackle additional issues in a second, "phase two" 
deal but analysts said they didn't expect 
anything concrete anytime soon.
Source: Google Images
What’s happening now?
Mutual blame over the coronavirus pandemic has 
reignited tensions between the United States and 
China, threatening to break what was already a 
fragile truce on trade between the world's 
biggest economies. But the pandemic has left the 
global economy in a much more precarious 
position than it was when the two countries 
began sparring over trade two years ago.
Source: Google Images
COVID-19 effect
If tensions continue to escalate, the dispute 
could morph into a damaging conflict that not 
only weakens the world's recovery from Covid-
19. The global economy is already expected to 
contract 3% this year, its deepest slump since 
the Great Depression. A recovery beyond that is 
far from certain, and could take years.
Source: Google Images
Criticism
The trade war has been criticized internationally, 
including by U.S. businesses and organizations, 
though most farmers continued to support Trump. 
Among U.S. politicians the response has been 
mixed, None of the leading Democratic 
candidates for president said they would remove 
the tariffs, including Joe Biden and Elizabeth 
Warren.
Source: Google Images