{"id":3604,"date":"2018-10-25T04:53:45","date_gmt":"2018-10-25T04:53:45","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/a-quick-guide-to-the-us-china-trade-war\/"},"modified":"2018-10-25T04:53:45","modified_gmt":"2018-10-25T04:53:45","slug":"a-quick-guide-to-the-us-china-trade-war","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/a-quick-guide-to-the-us-china-trade-war\/","title":{"rendered":"A quick guide to the US-China trade war"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape has-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"A man stands on a port in China\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/16E5E\/production\/_103909739_chinashipport.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    The US is the biggest export market for Chinese goods<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<p class=\"story-body__introduction\">The world&#8217;s two largest economies &#8211; the US and China &#8211; are locked in an escalating trade battle.<\/p>\n<p>US President Donald Trump had been complaining about China&#8217;s trading practices even before he took office in 2016. <\/p>\n<p>That year he said China engaged in the &#8220;rape&#8221; of the US economy, and since then he has aggressively targeted Beijing as part of his broader America First agenda. <\/p>\n<p>In 2017, the <a href=\"https:\/\/www.bbc.co.uk\/news\/business-40982032\" class=\"story-body__link\"> US launched an investigation into Chinese trade policies<\/a> and has steadily imposed tariffs on Chinese products from this year. <\/p>\n<h2 class=\"story-body__crosshead\">What tariffs are in place? <\/h2>\n<p>So far, the US has imposed three rounds of tariffs on Chinese goods, totalling more than $250bn (\u00a3191.9bn). They cover a wide range of consumer and industrial items including handbags, rice and <a href=\"https:\/\/www.bbc.co.uk\/news\/business-45255623\" class=\"story-body__link\"> railway equipment.<\/a><\/p>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>The duties range from 10% to 25%. Mr Trump has since threatened to hit another $267bn worth of goods &#8211; meaning all Chinese imports could be subject to tariffs. <\/p>\n<p>The US has also put tariffs on worldwide imports of goods like steel and <a href=\"https:\/\/www.bbc.co.uk\/news\/business-42784380\" class=\"story-body__link\">washing machines<\/a>, which further affects products from China.<\/p>\n<p>Beijing has struck back. It&#8217;s accused the US of starting &#8220;the largest trade war in economic history&#8221; and imposed tariffs on $110bn worth of American goods. <\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45270474\" class=\"story-body__link\">8 products hit by Trump&#8217;s tariffs <\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45622815\" class=\"story-body__link\">How China is fighting back in the trade war<\/a><\/li>\n<\/ul>\n<p>China&#8217;s list of products subject to levies &#8211; which range from 5% to 25% &#8211; includes <a href=\"https:\/\/www.bbc.co.uk\/news\/business-45113866\" class=\"story-body__link\">chemicals<\/a>, <a href=\"https:\/\/www.bbc.co.uk\/news\/business-45255623\" class=\"story-body__link\">coal and medical equipment<\/a>. The moves have been strategic, targeting products made in Republican districts, and goods &#8211; <a href=\"https:\/\/www.bbc.co.uk\/news\/world-44983950\" class=\"story-body__link\">like soybeans<\/a> &#8211; that can be purchased elsewhere.<\/p>\n<h2 class=\"story-body__crosshead\">Why tariffs? <\/h2>\n<p>Tariffs, in theory, make US-made products cheaper than imported ones, and encourage consumers to buy American.<\/p>\n<h2 class=\"story-body__crosshead\">What is the impact so far? <\/h2>\n<p>Already there are signs of economic strain. <\/p>\n<p><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45028014\" class=\"story-body__link\">The early victims of Trump&#8217;s trade war<\/a><\/p>\n<p>Both US and international firms have said they are being harmed. <\/p>\n<p>The IMF warned a full-blown trade war would <a href=\"https:\/\/www.bbc.co.uk\/news\/business-45789669\" class=\"story-body__link\">weaken the global economy.<\/a><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45899310\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Image caption The US is the biggest export market for Chinese goods The world&#8217;s two largest economies &#8211; the US and China &#8211; are locked in an escalating trade battle. US President Donald Trump had been complaining about China&#8217;s trading practices even before he took office in 2016. That year he &hellip; <\/p>\n","protected":false},"author":0,"featured_media":3605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3604"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3605"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}