America and china trade war latest news

Here are the latest updates on the ongoing trade war between the United States and China:

Recent Developments:

Phase One Trade Deal: On January 15, 2020, the United States and China signed a Phase One trade deal, which aimed to reduce tensions and increase trade between the two countries. The deal included commitments from China to increase purchases of US goods and services, as well as to strengthen intellectual property protections.
Tariffs: The trade war has seen the imposition of tariffs on billions of dollars' worth of goods traded between the two countries. The US has imposed tariffs on $360 billion worth of Chinese goods, while China has imposed tariffs on $110 billion worth of US goods.
Escalation: In recent months, tensions have escalated, with both sides imposing new tariffs and making threats of further action. The US has also accused China of reneging on its commitments under the Phase One deal.
COVID-19 Impact: The COVID-19 pandemic has had a significant impact on global trade, including the US-China trade war. The pandemic has disrupted supply chains and led to a decline in global trade, which has exacerbated the economic impact of the trade war.
New Tariffs: In August 2020, the US imposed new tariffs on $300 billion worth of Chinese goods, including consumer electronics and clothing. China has retaliated with its own tariffs on US goods.

Latest News:

US-China Trade Talks: The two countries have been engaged in trade talks, but progress has been slow. The US has been pushing for greater access to China's markets and for China to address its intellectual property practices.
China's Economic Slowdown: China's economy has been slowing down in recent months, which has raised concerns about the impact of the trade war on the global economy.
US-China Relations: The trade war has also had a significant impact on US-China relations, with both sides accusing each other of unfair trade practices and human rights abuses.
Global Economic Impact: The trade war has had a significant impact on the global economy, with many countries feeling the effects of the tariffs and trade restrictions.
US Presidential Election: The trade war has become a major issue in the US presidential election, with both candidates vying for the White House making promises to address the issue.

Key Quotes:

US President Donald Trump: "We're doing very well with China. We're making great progress."
Chinese President Xi Jinping: "We will not compromise on issues related to our sovereignty and security."
US Trade Representative Robert Lighthizer: "We're not going to make a deal unless it's a good deal for the United States."
Chinese Foreign Ministry Spokesperson Geng Shuang: "The US should stop its unilateral and protectionist measures and work with China to resolve the trade dispute."

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