What is the timeline of the recent trade war?

What is the timeline of the recent trade war?

The trade war primarily between the U.S. and China escalated in 2018. It began with tariffs on steel and aluminum.

What were the key events in 2019?

In 2019, the U.S. imposed additional tariffs on Chinese goods, and China retaliated with tariffs of their own.

Did they reach any agreements?

Yes, in January 2020, the U.S. and China signed a Phase One trade agreement, which aimed to reduce tariffs and increase Chinese purchases of U.S. goods.

What happened after the Phase One agreement?

After the Phase One agreement, tensions remained, and the COVID-19 pandemic further complicated trade relations.

Is the trade war still ongoing?

As of now, some tariffs remain in place, and negotiations continue, but the intensity has decreased compared to earlier years.