Summary
Background and explainers on the trade war between China, led by President Xi Jinping, and the United States, and its President Donald Trump. Having started in July 2018, the prolonged conflict reached a turning point in January 2020 with the signing of the phase one trade deal, but not after it had weighed heavily on the global economy for 18 months due to additional import tariffs levied by both China and the US. The US has accused China of unfair trading practices, including intellectual property theft, forced technology transfer, lack of market access for American companies in China and creating an unlevel playing field through state subsidies of Chinese companies. China, meanwhile, believes the US is trying to restrict its rise as a global economic power....more
Explainers
Background
What is the US-China trade war?
What You Need To Know
all
Background
Joe Biden
Trade actions
In Numbers
China's US trade deficit:
US$37 billion
As of November 2020
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China's Trade balance:
US$75 billion
As of November 2020
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China's Gross domestic product (GDP) growth rate:
4.9%
As of Q3 2020
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