U.S.-China trade war
The U.S.-China trade war began in 2018 when the United States imposed tariffs on various goods imported from China. This action aimed to address trade imbalances and protect American industries from what the U.S. government considered unfair trade practices. In response, China implemented its own tariffs on American products, escalating tensions between the two countries.
The trade war has led to significant economic impacts, affecting businesses and consumers in both nations. Tariffs increased costs for imported goods, leading to higher prices for consumers and disruptions in global supply chains. Efforts to negotiate a resolution have continued, but challenges remain.