GUIDANCE
The U.S. and China Escalate Their Trade Tiff With Tit-for-Tat Tariffs
Jun 15, 2018 | 23:02 GMT
![U.S. Secretary of State Mike Pompeo meets with Chinese President Xi Jinping on June 14 in Beijing.](https://worldview.stratfor.com/sites/default/files/styles/2x1_full/public/us-china-trade-war-display-GettyImages-974275672.jpg?itok=Ad0FyEuY)
U.S. Secretary of State Mike Pompeo (L) and Chinese President Xi Jinping attend a meeting in the Great Hall of the People June 14, 2018 in Beijing, China.
(Fred Dufour-Pool/Getty Images)
Highlights
- Soon after the United States announced that it would move forward with tariffs on about $50 billion worth of Chinese imports, China responded with a $50 billion tariff announcement of its own.
- The tariffs would not come into effect for a few weeks, giving negotiators on both sides time to sit down. But the atmosphere between the two economic juggernauts has only grown testier.
- The United States is apparently mulling tariffs on a further $100 billion worth of Chinese imports, risking a further escalation in their trade dispute.
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