U.S.-China Trade War
Trump’s aggressive tariffs against China triggered a massive economic confrontation beginning in 2018. The U.S. imposed 25% duties on $34 billion of Chinese goods, targeting steel and technology. China retaliated against American soybeans and automobiles, costing U.S. farmers $27 billion in losses. The 2020 Phase One agreement reduced tensions temporarily when China pledged to purchase $200 billion in American goods.
