The 2018 China-United States trade war also known as the Trump trade war is an ongoing trade war between China and the United States. Each country has introduced tariffs on goods traded with the other. 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.On July 6, the U.S. imposed 25% tariffs on $34 billion worth of Chinese goods 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.China quickly responded to the announcement by blasting the proposed tariffs as "irrational" and "completely unacceptable".The Trump administration said the tariffs were necessary to protect national security and the intellectual property of U.S. businesses, and to help reduce the U.S. trade deficit with China.
What is the worst impact of the Sino-US trade war on China?
All professional institutions in China and the United States, on the impact of the Sino-US trade war on China's economy, basically believe that even if China's exports of US goods are subject to full tariffs, then consider the indirect impact, the impact on the economic growth of the two countries. The worst is also within 1%.
US measures are a serious damage to multilateral trade rules and undermine the legitimate rights and interests of WTO members, including China. The Chinese side has submitted a request for compensation and consultation to the US in accordance with the WTO rules, but the US side refused to respond. In accordance with the relevant provisions of the "PRC Foreign Trade Law", the Chinese side has to take further action to balance the loss of profits caused by the US-Aluminum 232 measures to the Chinese side and safeguard its legitimate rights and interests. The Chinese measures are necessary measures for safeguarding national interests and the multilateral trading system. They are legitimate and in line with multilateral trade rules.
