The U.S. is continuing
its trade war with China in 2019. Today, a tariff hike from 10 to 25 percent on US$200 billion worth of goods that had been put off since January took effect. After a truce and renewed talks between Beijing and Washington,
which brought about no resolution, the Trump administration followed through with their plan to hike up the tariffs. Chinese officials were quick to reply that they would follow suit.
The back-and-forth between the two nations began in early 2018
when President Trump announced tariffs on solar panels and later on steel and aluminum for all countries. China, a top player in the solar planel and steel industries, retaliated with $3 billion worth in tariffs on U.S. imports. Fifty billion-dollar tariffs announced in June 2018 were periodically rolled out over the summer. After a first round of failed negotiations, a second round of tariffs hit in September, then at the lower percentage rate of 10 percent in the case of the U.S. and 5-10 percent in case of China.