The U.S.-China trade war entered a critical phase this week. The following timel...
While campaigning for the White House, Donald Trump lays out plans to counter unfair trade practices from China at a rally in Pennsylvania. He also threatened to apply tariffs under sections 201 and 301 of U.S. trade legislation, which he subsequently did. He said China’s entrance into the World Trade Organization enabled the “greatest jobs theft in history.”Trump, now president, signs two executive orders. One calls for tighter tariff enforcement in anti-subsidy and anti-dumping trade cases.
United States implements 10% tariffs on $200 billion of Chinese imports. The administration says the rate will increase to 25% on Jan. 1, 2019. China answers with duties of its own on $60 billion of U.S. goods.United States and China agree on a 90-day halt to new tariffs. Trump agrees to put off the Jan. 1 scheduled increase on tariffs on $200 billion of Chinese goods until early March while talks between the two countries take place. China agrees to buy a “very substantial” amount of U.S.
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