20°C / 22°C
  • Tue
  • 20°C
  • 5°C
  • Wed
  • 19°C
  • 5°C
  • Thu
  • 20°C
  • 5°C
  • Fri
  • 20°C
  • 5°C
  • Sat
  • 17°C
  • 3°C
  • Sun
  • 15°C
  • 1°C
  • Tue
  • 17°C
  • 7°C
  • Wed
  • 15°C
  • 10°C
  • Thu
  • 16°C
  • 13°C
  • Fri
  • 15°C
  • 9°C
  • Sat
  • 13°C
  • 8°C
  • Sun
  • 16°C
  • 5°C
  • Tue
  • 21°C
  • 7°C
  • Wed
  • 20°C
  • 7°C
  • Thu
  • 23°C
  • 7°C
  • Fri
  • 23°C
  • 6°C
  • Sat
  • 20°C
  • 6°C
  • Sun
  • 17°C
  • 3°C
  • Tue
  • 22°C
  • 2°C
  • Wed
  • 20°C
  • 4°C
  • Thu
  • 21°C
  • 3°C
  • Fri
  • 21°C
  • 4°C
  • Sat
  • 17°C
  • 2°C
  • Sun
  • 16°C
  • -1°C
  • Tue
  • 22°C
  • 14°C
  • Wed
  • 25°C
  • 13°C
  • Thu
  • 27°C
  • 15°C
  • Fri
  • 26°C
  • 13°C
  • Sat
  • 19°C
  • 12°C
  • Sun
  • 17°C
  • 11°C
  • Tue
  • 20°C
  • 9°C
  • Wed
  • 20°C
  • 10°C
  • Thu
  • 21°C
  • 10°C
  • Fri
  • 16°C
  • 10°C
  • Sat
  • 12°C
  • 8°C
  • Sun
  • 16°C
  • 6°C
  • Tue
  • 17°C
  • 7°C
  • Wed
  • 14°C
  • 5°C
  • Thu
  • 14°C
  • 11°C
  • Fri
  • 13°C
  • 6°C
  • Sat
  • 11°C
  • 3°C
  • Sun
  • 17°C
  • 1°C
  • Tue
  • 17°C
  • 9°C
  • Wed
  • 14°C
  • 9°C
  • Thu
  • 14°C
  • 12°C
  • Fri
  • 14°C
  • 8°C
  • Sat
  • 11°C
  • 7°C
  • Sun
  • 18°C
  • 6°C
  • Tue
  • 22°C
  • 7°C
  • Wed
  • 21°C
  • 6°C
  • Thu
  • 23°C
  • 6°C
  • Fri
  • 24°C
  • 7°C
  • Sat
  • 22°C
  • 8°C
  • Sun
  • 18°C
  • 4°C
  • Tue
  • 19°C
  • 4°C
  • Wed
  • 19°C
  • 4°C
  • Thu
  • 19°C
  • 3°C
  • Fri
  • 19°C
  • 4°C
  • Sat
  • 10°C
  • 0°C
  • Sun
  • 13°C
  • -3°C
  • Tue
  • 24°C
  • 7°C
  • Wed
  • 25°C
  • 6°C
  • Thu
  • 26°C
  • 5°C
  • Fri
  • 27°C
  • 6°C
  • Sat
  • 24°C
  • 8°C
  • Sun
  • 16°C
  • 3°C
  • Tue
  • 21°C
  • 7°C
  • Wed
  • 21°C
  • 8°C
  • Thu
  • 22°C
  • 9°C
  • Fri
  • 15°C
  • 7°C
  • Sat
  • 10°C
  • 5°C
  • Sun
  • 15°C
  • 3°C

US-China trade war in 10 dates

Trump, who campaigned under the slogan "America First", announces tariffs of 25% on steel imports and 10% on aluminium from a number of countries in a bid to slash the huge US trade deficit.

US President Donald Trump. Picture: AFP.

PARIS – US President Donald Trump and China's Xi Jinping are to hold an "extended" meeting on the sidelines of the G20 with the world watching to see if they can thrash out a deal over their trade war.

Here are 10 key dates in the long-running battle between the world's two biggest economies that experts fear could put the skids on a global economic recovery.

MARCH 8, 2018: TAX ON STEEL, ALUMINIUM

Trump, who campaigned under the slogan "America First", announces tariffs of 25% on steel imports and 10% on aluminium from a number of countries in a bid to slash the huge US trade deficit.

The deficit reached $566 billion in 2017, of which $375 billion was with China, the world's biggest producer of steel and aluminium.

MARCH 22: CHINA RIPOSTES

On the eve of the tariffs' application, Trump suspends them for several countries, but not China.

Beijing responds with a list of 128 US products on which it says it will impose customs duties of 15-25% if negotiations with Washington fail.

APRIL 3: NEW THREATS

Washington issues a list of $50 billion in Chinese imports set to be targeted by US tariffs as a response to the alleged theft of US intellectual property.

Beijing responds with plans to hit imports of the same value.

MAY 19: SIGNS OF APPEASEMENT

The two countries announce a draft deal under which Beijing agrees to reduce its trade surplus "significantly".

In the following weeks, China makes several conciliatory gestures, reducing customs duties, lifting restrictions and offering to buy extra US goods.

JULY 6: TRADE WAR

The United States nonetheless slaps 25% duties on about $34 billion of imports, including cars, hard disks and aircraft parts.

Beijing, in turn, imposes tariffs of equal size and scope, including on-farm produce, cars and marine products.

AUGUST 23: ESCALATION

Washington imposes tariffs on another $16 billion of Chinese goods, a day after negotiations resume.

China applies 25% tariffs on $16 billion of US goods, including Harley-Davidson motorcycles, bourbon and orange juice.

On September 24, Washington slaps 10% taxes on $200 billion of Chinese imports. Beijing puts customs duties on $60 billion of US goods.

DECEMBER 1: TRUCE

On 1 December, Trump and Xi agree a ceasefire to the trade war. Washington suspends for three months a tariff increase from 10 to 25% due to begin 1 January on $200 billion of Chinese goods.

China agrees to purchase a "very substantial" amount of US products and also suspends extra tariffs added to US-made cars and auto parts for three months starting 1 January. It allows imports of American rice.

MAY 10, 2019: HOSTILITIES RESUME

Washington pulls the plug on the truce, increasing punitive duties on $200 billion in Chinese imports.

MAY 15: HUAWEI DRAWN IN

Trump opens a new front in the war, signing an order barring US companies from using foreign telecoms equipment deemed a security risk - a move aimed at Chinese giant Huawei.

The US Commerce Department also announces an effective ban on US companies selling or transferring US technology to Huawei.

Washington had previously stated concerns over an alleged spying threat from Huawei, a rapidly expanding leader in 5G technology.

On 20 May, the US issues a 90-day reprieve on the ban on dealing with Huawei.

JUNE 1: NEW CHINESE TARIFFS

As announced on 13 May, Beijing on 1 June increases tariffs on $60 billion in US goods.

It also says it will release a blacklist of "unreliable" foreign companies.

Hopes of a trade truce are fuelled on 18 June, when after telephone talks, Trump and Xi say they plan to meet at the G20 summit.

Days before the summit, the US blacklists five Chinese tech entities.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus