The Tumultuous Timeline of the U.S.-China Trade Wars: A Year in Review
The U.S.-China trade war has seen a flurry of actions, with President Trump imposing tariffs, expanding export controls, and signaling a renewed trade war. China counters with its tariffs and export curbs, creating tension over rare earths, soybeans, and crucial technologies. This timeline highlights the key developments of this ongoing economic battle.
The escalating tensions in the trade war between the United States and China have been marked by a series of retaliatory moves, following a cascade of tariff orders by President Donald Trump. A detailed timeline highlights the back-and-forth measures, each country resisting economic subjugation.
Most recently, China has announced expanded export controls on rare earths, crucial for technology manufacturing, which drew more critical tariffs from the U.S. in response. This spiraling economic skirmish has been characterized by severe tariffs on imports and export restrictions on key goods such as rare minerals and critical software.
High-stakes meetings between American and Chinese officials have sporadically taken place, with both sides seeking renegotiations amid mutual accusations of unfair trade practices, aiming to avoid destabilizing global markets. Still, the atmosphere remains volatile with the timeline suggesting no sign of an imminent resolution.
(With inputs from agencies.)
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