Timeline of Trump’s Tariffs
The Trump administration implemented a series of tariffs that impacted international trade. Below is a timeline of the most significant events:
March 2018: Tariffs of 25% on steel and 10% on aluminum were announced, affecting several countries, including China and the European Union.
July 2018: China responded with tariffs on $34 billion worth of U.S. products, marking the beginning of a trade war.
September 2018: Additional tariffs of 10% were imposed on $200 billion in Chinese imports, increasing tensions between the two nations.
December 2018: Some tariffs were temporarily suspended following an agreement between Trump and Chinese President Xi Jinping.
February 2019: Trade negotiations between the U.S. and China continued, but tariffs remained in place while a deal was sought.
May 2019: Trump raised tariffs on Chinese products from 10% to 25% after negotiations failed.
August 2019: Additional tariffs of 10% were announced on $300 billion in Chinese products, set to take effect in September.
January 2020: The Phase One trade agreement between the U.S. and China was signed, which included commitments for China to purchase agricultural products.
These tariffs and trade measures had a significant impact on the global economy and on trade relations between the U.S. and other countries.