Trump's face-to-face meeting with Xi at the G-20 summit in Japan is just the latest step in a U.S.-China trade war with huge global implications.
The Trump administration says it will slap a 25% tariff on $50 billion in Chinese goods. Trump cites "China's theft of intellectual property and technology and its other unfair trade practices." Beijing swiftly retaliates, announcing tariffs on $50 billion in U.S. products.Trump announces 10% tariffs on $200 billion in Chinese goods, with a plan to hike the rate to 25% at the start of 2019. He threatens additional tariffs on $267 billion in Chinese products if Beijing retaliates.
"Trump tells The Wall Street Journal that he will likely not delay the increase in the tariff rate on $200 billion in Chinese goods past Jan. 1. He also suggests he could put a 10 percent tariff on Apple iPhones and laptops imported from China.Is the honeymoon already over for Chinese President Xi Jinping and U.S. President Donald Trump?Trump and Xi have dinner at the G-20 summit in Argentina. The U.S.
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