As of 2022, the United States-China trade war is still ongoing. The conflict, which began in 2018, has resulted in a series of tariffs and other trade barriers being implemented by both countries.
The conflict was initially sparked by the United States’ use of Section 301 tariffs, which allow the US government to impose tariffs on foreign products that are believed to be unfairly traded. The US government argued that China was engaging in unfair trade practices, such as intellectual property theft and forced technology transfers, and implemented tariffs on a variety of Chinese goods in response.
In turn, China implemented its own tariffs on US goods, leading to a full-blown China-US trade war. The conflict has had significant economic impacts on both countries, with some sectors being hit harder than others.
Over the past few years, there have been several attempts at section 301 tariff mitigation In 2020, the United States and China signed the “Phase One” trade deal, which included provisions to reduce tariffs and increase purchases of US goods by China. However, many of the underlying issues at the heart of the trade war, such as intellectual property protection and forced technology transfers, remain unresolved.
As of 2022, the trade war is still ongoing, and it is unclear how it will ultimately be resolved. The United States and China are two of the largest economies in the world, and the trade war has had global implications. Many businesses, especially those that rely on exports to China or imports from China, have been negatively impacted by the tariffs and other trade barriers.
In conclusion, the us china trade war, which began with the use of Section 301 tariffs, is still ongoing as of 2022. Despite efforts to mitigate the tariffs and resolve the conflict, many underlying issues remain unresolved. The trade war has had significant economic impacts on both countries and has had global implications for businesses.