#USChinaTensions The US-China trade war has been ongoing since January 2018, with both countries imposing tariffs on each other's goods. The Trump administration initiated the trade war, citing China's unfair trade practices and intellectual property theft. The Biden administration kept the tariffs in place and added new levies on Chinese goods.

*Current Tariff Status:*

- *US Tariffs on China:* Average US tariffs on Chinese exports stand at 124.1%, more than 40 times higher than before the trade war began.

- *Chinese Tariffs on US:* China has retaliated with tariffs as high as 147.6% on US exports, covering 100% of imports from the United States.

*Effects of the Trade War:*

- *Economic Damage:* The trade war has hurt both countries, leading to higher costs for manufacturers, higher prices for consumers, and financial difficulties for farmers.

- *Global Impact:* The trade war has caused economic damage in other countries, led to stock market instability, and prompted some companies to shift supply chains out of China.

- *Decoupling:* The trade war has raised fears of a US-China economic 'decoupling', with the US restricting China's access to Western advanced technologies.

*Recent Developments:*

- *Escalation:* The conflict escalated in 2025, with the US imposing a 145% tariff on Chinese goods and China imposing a 125% tariff on American goods.

- *Restrictions:* The US has introduced new export limits and investment bans on Chinese companies, citing national security concerns.