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An economic conflict between China and the United States has been ongoing since January 2018, when U.S. President Donald Trump 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 longstanding unfair trade practices and intellectual property theft. [ 1]
Nationalist China at War: Military Defeats and Political Collapse, 1937–1945 (1982). Cohen, Warren I. America's Response to China: A History of Sino-American Relations (5th ed. 2010) Dreyer, Edward L. China at War, 1901-1949 (1995). 422 pp. Dulles, Foster Rhea. China and America: The Story of Their Relations Since 1784 (1981), general survey
A trade war is an economic conflict often resulting from extreme protectionism in which states raise or create tariffs or other trade barriers against each other in response to trade barriers created by the other party. [1] If tariffs are the exclusive mechanism, then such conflicts are known as customs wars, toll wars, or tariff wars; as a ...
China is the largest trading partner to 120 countries, including most of the largest markets in Asia, the European Union, the Middle East, and South America. There is a clear divergence in ...
The escalating U.S.-China trade war could become a “forever war” that ultimately drags on with no clear end in sight, according to Stephen Roach, who is an expert on the Chinese economy.
China was the biggest trading partner of the United States until 2019, when it dropped to the third place because of the ongoing trade war. [ 334 ] In November 2021, US producer Venture Global LNG signed a twenty-year contract with China's state-owned Sinopec to supply liquefied natural gas (LNG). [ 335 ]
After the establishment of Communist rule in China in 1949, an embargo against the sale of military technology or infrastructure, previously levied against the Soviet Union, was expanded to include the newly established People's Republic of China. [2] Following the onset of the Korean War, further trade restrictions were imposed. [3]
The U.S. and China’s tit-for-tat trade war began in 2018, when then-President Donald Trump slapped tariffs on a range of Chinese goods and commodities, including solar panels and steel, ...