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International Business Times
International Business Times
Business

Where Things Stand In China-US Trade Tensions

United States China Donald Trump Joe Biden Beijing
Trade between China and the United States -- the world's two largest economies -- is vast, totalling more than $530 billion in 2024 (Credit: AFP)

China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts.

That came just minutes after a 10 percent tariff hike on Chinese goods, announced by US President Donald Trump on Saturday, came into effect.

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