INTRODUCTION

• What are trade wars?

• Economic conflicts between countries.
• Prior to escalation of trade war:
• Trump promised to impose tariffs on Chinese imports to reduce
the deficit advocating it will bring jobs and money back in US.
• August 2017: Trump launched investigation on China: the
intellectual property theft by China costs the US between
$225bn and $600bn every year.
• The trade war

• Began with 3 rounds of tariffs on Chinese products in 2018.

• The US has imposed tariffs on more than $360bn worth of
Chinese goods.
• China retaliated in kind by announcing tariffs worth US
$110bn.
• The origin of the trade war

• Trump accuses China of 4 things

• China stealing intellectual property.
• Forced transfer of American technology to China.
• China has trade barriers that are too high on imports or restrictions on
foreign investments.