Trade Wars Will Not Resolve Trade Disputes
On July 6, 2018, the United States preemptively launched its “trade war” by officially imposing a 25 percent tariff on imported Chinese products worth US$34 billion. The US also announced that the tariff would be increased on certain imported products worth $16 billion.
A ship hauls containers at a container port in Qingdao in eastern China\'s Shandong province Friday, July 6, 2018. The United States hiked tariffs on Chinese imports Friday and Beijing said it immediately retaliated in a dispute between the world\'s two biggest economies that President Donald Trump says he is prepared to escalate.
On July 6, 2018, the United States preemptively launched its “trade war” by officially imposing a 25 percent tariff on imported Chinese products worth US$34 billion. The US also announced that the tariff would be increased on certain imported products worth $16 billion.
In response to the US provocation, the Chinese government was forced to take necessary retaliatory steps. On July 10, the US escalated the situation by releasing a list of $200 billion in Chinese products to be imposed with a 10 percent import tariff and requested public opinion on the plan.