#USChinaTradeTalks
The US-China trade war has led to a series of tariffs imposed by both countries. Here's an overview:
The US has imposed tariffs on approximately $360 billion worth of Chinese goods, with rates ranging from 7.5% to 25%. China has retaliated with tariffs on around $100 billion worth of US goods.
The tariffs aim to:
1. Reduce the US trade deficit with China.
2. Protect US intellectual property.
3. Address China's unfair trade practices.
The trade war's impact:
1. Increased costs for consumers and businesses.
2. Disrupted global supply chains.
3. Economic growth implications.
Both countries continue to negotiate, seeking a mutually beneficial solution.