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DonaldTrump
 We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!

Though the tariffs are not yet a done deal, Beijing is expected to alter macro policies in three ways.

First, once the final list of tariffs is determined, Beijing is likely to fire back. China has a smaller universe of goods it buys from the United States (US$130 billion last year) but can match the value of tariffs by imposing a higher tax rate than 10 per cent. This would create a reciprocal shock for the US economy.
On January 23, 2018, President Trump placed a 30% tariff on foreign solar panels, to be reduced to 15% after four years.[8][9] China, the world leader in solar panel manufacture, decried the tariffs.[10] That same day, tariffs of 20% were placed on washing machines for the first 1.2 million units imported during the year. In 2016, China exported $425 million worth of washers to the United States.[11][12]

On March 22, 2018, President Trump had the United States Trade Representative (USTR) apply tariffs of US$50 billion on Chinese goods. He relied on Section 301 of the Trade Act of 1974 for doing so, stating that the proposed tariffs were "a response to the unfair trade practices of China over the years", including theft of U.S. intellectual property.[1][2] Over 1,300 categories of Chinese imports were listed for the tariffs, including aircraft parts, batteries, flat-panel televisions, medical devices, satellites, and various weapons.[13][14]

On April 2, China responded by imposing tariffs on 128 products it imports from America, including aluminum, airplanes, cars, pork, and soybeans (which have a 25% tariff), as well as fruit, nuts, and steel piping (15%).[4][5][5][15][16]


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