Trump China | Le·gal In·sur·rec·tion - Part 5
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Trump China Tag

President Donald Trump will approve a plan that will impose a 25% tariff on Chinese technology products, which is worth around $50 billion. From The Washington Post:
Although the import levies affect less than 10 percent of the $505 billion in Chinese goods that Americans buy each year, Trump’s new trade barriers mark a historic change after three decades of deepening ties between the world’s two largest economies.

We've been covering the Trump administration's trade talks with China, and now both nations have reportedly agreed to halt the trade war, including the imposition of tariffs, until a deal has been reached. The AFP reports:
Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.

In a speech on Tuesday, Chinese President Xi Jinping announced the country will open its markets and slash tariffs on auto import. It appears to be a concession to President Donald Trump, who has threatened tariffs on Chinese goods, which has led to fears of a trade war.

A possible trade war continues to brew as China proposes its own tariffs on American goods after President Donald Trump's administration released a list of 1,300 Chinese exports it plans to target with tariffs. Despite this action and concerns of a trade war, Trump insists we cannot lose said war because we're already "$500 billion down."