|
Source: Tehrantimes.com |
Starting in April 2018, the U.S. imposed tariffs on steel and aluminum imports from China, as well as Canada and countries in the European Union.[1] On July 6, the U.S. imposed 25% tariffs on $34 billion worth of Chinese goods[2] as part of President Donald Trump's tariffs policy, which then led China to respond with similarly sized tariffs on U.S. products. Four days later, following Trump's orders, the Office of the U.S. Trade Representative (USTR) published a list of $200 billion in Chinese products to be subject to a newly proposed – but not yet implemented – 10% tariff.[3] This tariff competition between China and United States is called the Trade War.