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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]
The Trump tariffs, along with the impacts of COVID-19, were a major factor in declining trade between China and the U.S. in 2019 and 2020. [221]: 142 Trade between the two countries subsequently rebounded significantly, and as of 2021 merchandise trade was down only marginally from its record high in 2018. [221]: 142
Section 301 of the U.S. Trade Act of 1974 (Pub. L. 93–618, 19 U.S.C. § 2411, last amended March 23, 2018 [1]) authorizes the President to take all appropriate action, including tariff-based and non-tariff-based retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable, or ...
President Donald Trump said in an Oval Office signing ceremony Monday evening that his administration will impose 25% tariffs on Mexico and Canada on February 1, an extraordinary change in North ...
Overall, the U.S. trade deficit of all goods and services fell last year by almost 19%, the largest drop since 2009, as Americans bought less foreign oil and fewer China-made phones, toys and ...
(The Center Square) – Gov. Greg Abbott issued an executive order “to protect Texans from the coordinated harassment and coercion by the People's Republic of China (PRC) or the Chinese ...
The International Trade Commission (ITC) provides trade expertise to both the legislative and executive branches of the federal government, determines the impact of imports on US industries, and directs actions against certain unfair trade practices, such as patent, trademark, and copyright infringement.
In what would become the China–United States trade war, President Donald Trump began setting tariffs and other trade barriers on China in 2018 with the goal of forcing it to make changes to what the U.S. says are "unfair trade practices". [64] The US says those trade practices and their effects are the growing trade deficit, the theft of ...