US-China Trade War Timeline
The below table summarises the timeline of the US-China trade war:
|
March 2018 |
US announces tariffs on steel and aluminum imports, including from China. |
|---|---|
|
April 2018 |
China retaliates with tariffs on US goods. |
|
June 2018 |
US imposes tariffs on $34 billion worth of Chinese goods. |
|
July 2018 |
China responds with tariffs on US products. |
|
August 2018 |
US announces tariffs on additional $16 billion of Chinese goods. |
|
September 2018 |
China retaliates with tariffs on more US goods. |
|
December 2018 |
US and China agree to a temporary ceasefire, delaying further tariffs. |
|
May 2019 |
Trade talks between the US and China break down. |
|
August 2019 |
US labels China a currency manipulator. |
|
September 2019 |
Both sides announce tariff hikes on each other’s goods. |
|
January 2020 |
Phase One trade deal signed between the US and China. |
|
February 2020 |
US reduces tariffs on some Chinese imports as part of the deal. |
|
May 2020 |
US threatens new tariffs on China over COVID-19 pandemic. |
|
January 2021 |
President Biden takes office, indicating potential changes in approach to China. |
|
June 2021 |
Biden administration expands blacklist of Chinese companies. |
|
October 2021 |
US-China talks resume, aiming to address trade disputes and economic issues. |
|
December 2021 |
Reports emerge of potential US-China trade deal. |
|
February 2022 |
Talks continue as both sides try to resolve ongoing trade issues. |
|
March, 2022 |
The US has restored tariff exemptions for over 350 products from China. |
|
April, 2022 |
US Treasury Secretary Janet Yellen says lifting tariffs on certain Chinese goods could help reduce the high inflation. |
|
May, 2022 |
US begins statutory process that could ultimately end up removing tariffs on Chinese goods. |
|
June, 2022 |
Joe Biden said he’ll be talking to counterpart Xi Jinping ‘soon’ and is weighing possible action on US tariffs on Chinese goods that were imposed by the Trump administration. |
|
July, 2022 |
Vice-Premier Liu of China He has a straightforward discussion about immediate issues with US Treasury Secretary Janet Yellen. |
|
November, 2022 |
President Xi Jinping meets US counterpart Joe Biden at the G20 summit in Indonesia. |
|
December, 2022 |
WTO rules against US tariffs imposed on steel and aluminium imports in case brought by China and other countries. |
|
January, 2023 |
US appeals against WTO verdicts on steel tariffs on China and other countries. |
|
July, 2023 |
China orders export restrictions on gallium and germanium metals and several of their compounds, which are key materials for making semiconductors and other electronics. |
|
August, 2023 |
US President Joe Biden announces plans for new restrictions on investments that American companies can make overseas. |
|
27 August, 2023 |
US Commerce Secretary Gina Raimondo arrives in China for a four-day visit. |
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