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During a campaign speech in June 2016, President Trump vowed to cancel international trade
deals and go on an offensive against Chinese economic practices, describing his promise as a
reaction against "a leadership class that worships globalism."[46] In April 2018, Trump denied that
the dispute was actually a trade war, saying "that war was lost many years ago by the foolish, or
incompetent, people who represented the U.S." He added: "Now we have a trade deficit of $500
billion a year, with intellectual property (IP) theft of another $300 billion. We cannot let this
continue."

 Currently, the US has a trade deficit of more than $370 billion per annum with China
 Trump said 25 per cent tariffs will be applied to Chinese goods that "contain industrially
significant technologies, Trade between the two countries "has been very unfair, for a
very long time," Trump said, adding that "this situation is no longer sustainable."
 Made in China 2025 stands at the heart of the trade war between the U.S. and China,
while also quickly becoming a symbol of growing nationalism within China.
 Made in China 2025 stands at the heart of the trade war between the U.S. and China,
while also quickly becoming a symbol of growing nationalism within China.
Made in China 2025 targets 10 industries:
1. New advanced information technology, including artificial intelligence and quantum

computing
2. Automated machine tools and robotics
3. Aerospace and aeronautical equipment
4. Maritime equipment and high-tech shipping
5. Modern rail transport equipment
6. Self-driving and new-energy vehicles
7. Power equipment
8. Agricultural equipment
9. New materials
10. Biopharma and advanced medical products
If Made in China 2025 were to generally succeed, it would do for high-tech manufacturing what
China did to low-cost manufacturing in the preceding two decades: vacuuming up a huge portion
of global production and concentrating it in mainland China
Chinese investments in U.S. tech startups totaled $2.3 billion in 2014, but skyrocketed to $9.9
billion in 2015, the year Made in China 2025 was announced.
Dates
The White House announced on May 29 that it would impose a 25% tariff on $50 billion of
Chinese goods with "industrially significant technology;" the full list of products affected to be
announced by June 15.[31] It also planned to impose investment restrictions and enhanced
export controls on certain Chinese individuals and organizations to prevent them from acquiring
U.S. technology.[32] China said it would discontinue trade talks with Washington if it imposed
trade sanctions."[33]
On June 15, Trump declared in a short White House statement that the United States would
impose a 25% tariff on $50 billion of Chinese exports. $34 billion would start July 6, with a
further $16 billion to begin at a later date.[34][35][36] China's Commerce Ministry accused the
United States of launching a trade war and said China would respond in kind with similar tariffs
for US imports, starting on July 6.[37] Three days later, the White House declared that the
United States would impose additional 10% tariffs on another $200 billion worth of Chinese
imports if China retaliated against these U.S. tariffs.[21] The list of products included in this
round of tariffs was released on July 11 and was set to be implemented within 60 days.[38]
China retaliated almost immediately, threatening its own tariffs on $50 billion of U.S. goods, and
claimed the United States had "launched a trade war." Import and export markets in a number of
nations feared the tariffs would disrupt supply chains which could "ripple around the globe."[39]
American tariffs on $34 billion of Chinese goods came into effect on July 6, 2018. China imposed
retaliatory tariffs on US goods of a similar value. The tariffs accounted for 0.1% of the global
gross domestic product.[40][41] On July 10, U.S. released an initial list of the additional $200
billion of Chinese goods that would be subject to a 10% tariff.[42] China vowed to retaliate with
additional tariffs on American goods worth $60 billion annually two days later.[43]
On August 8 the Office of the United States Trade Representative published it's finalized list of
279 Chinese goods, worth $16 Billion, to be subject to a 25% tariff from August 23.[3] [44][21]
China responded with its own tariffs of equal value when the American tariffs were implemented
on August 23.[4]
On August 14 China filed a complaint with the World Trade Organisation (WTO), claiming that
US tariffs on foreign solar panels clash with WTO ruling and have destabilised the international
market for solar PV products. China claimed the resulting impact directly harmed China’s
legitimate trade interests.[citation needed]
US Treasury Under Secretary David Malpass and Chinese Commerce Vice Minister Wang
Shouwen met on August 22 in Washington DC in a bid to open up dialogue in response to the
intensifying trade war, yet discussions ended with no resolution. By August 23, US implemented
a further 25% of tariffs on $16 billion of goods as promised, which was reciprocated by China.
China filed a new WTO complaint against the US as a result of this tariff escalation.[45]
On September 17 the US announced its 10% tariff on $200 billion worth of Chinese goods would
begin on September 24, increasing to 25% by the end of the year. They also threatened tariffs on
an additional $267 billion worth of imports if China retaliates,[5] which China promptly did on
September 18 with 10% tariffs on $60 billion of US imports.[6] So far, China has either imposed
or proposed tariffs on $110 billion of U.S. goods, representing most of its imports of American
products.[5]

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During a campaign speech in June 2016, President Trump vowed to cancel international trade

Made in China 2025 targets 10 industries:

1. New advanced information technology, including artificial intelligence and quantum

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