Trump's underwhelming trade truce

What will Trump's trade deal with China actually do?

President Trump and Chinese President Xi Jinping shake hands over a still EKG signal.
(Image credit: Illustrated | iStock/Pavlo Stavnichuk, iarti, MariaArefyeva SAUL LOEB/AFP/Getty Images)

President Trump's trade war with China is on hold. Whether this turns into a genuine armistice or just a momentary ceasefire remains to be seen.

America and China have been in economic combat for months. President Trump imposed 10 percent tariffs on $200 billion worth of Chinese exports to the United States. China responded with tariffs of its own on various U.S. exports. The countries have been at loggerheads over Chinese policies that make it difficult for American businesses to set up shop in China, and that force them to share technology and know-how when they do. With little progress made after a year, Trump was planning to hike his tariffs to 25 percent — and maybe even impose tariffs on the remaining $267 billion that China exports to American shores.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.