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China Daily / 2021-03 / 19 / Page009

Trump's trade war a disaster for US

By Djoomart Otorbaev | CHINA DAILY | Updated: 2021-03-19 00:00
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Former US president Donald Trump launched a trade war against China on July 6, 2018, by imposing 25 percent tariff on $34 billion of Chinese imports, the first in a series of such punitive tariffs. In 2019, the US administration increased tariffs on practically all imports from China.

Trump claimed the tariffs were imposed to reduce the US' trade deficit with China, the largest in the world since 1975, and create more jobs in the United States.

So what was impact of Trump's trade war on the two countries' economies?

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