1 day ago · The first return volley in a new trade clash between China and the United States was fired on Monday as Beijing’s tariffs on nearly $14 billion in US imports came into effect.

1 day ago · Trump used tariffs against China in his first term, launching a trade war with Beijing to address what he saw as the country’s unfair economic practices, which eventually resulted in a “phase ...

22 hours ago · Here are some key moments in the countries’ trade war since 2017. ... Washington and Beijing fail to iron out a trade deal after agreeing to halt new tariffs in December 2018. After the talks ...

14 hours ago · With his latest tariff moves, President Donald Trump has initiated the opening salvos of a potential global trade war. Up to now, his targets have been individual countries: China, Canada, and Mexico.

14 hours ago · China — which responded to last week’s onslaught with reciprocal tariffs worth some $14 billion that took effect Monday — dominates global trade in aluminum and steel, but it does not export large quantities of either to the United States. Last September, Biden raised the tariff on both products to 25%.

6 days ago · What to know about China's tariffs on the U.S. 05:01 The quick-fire volley of tariffs between the U.S. and China in recent days has heightened global fears of a new trade war between the world's ...

1 day ago · Altogether, the trade war policies currently in place add up to $79 billion in tariffs based on trade levels at the time of tariff implementation. Note the total revenue generated will be less than our static estimate because tariffs reduce the volume of imports and are subject to evasion and avoidance (which directly lowers tariff revenues ...

6 days ago · Immediately after a new 10% tariff on all Chinese goods shipped to the US went into effect on Tuesday at 12:01 a.m. ET, China responded by announcing a 15% tariff on some goods it imports from the ...

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]

Jan 31, 2025 · A trade war occurs when a government imposes punitive tariffs on another country, often in response to tariffs or protectionist trade policies raised by the other nation.