China and the United States entered into negotiations in summer 2018 to seek a comprehensive solution to their trade conflict , but the talks ended without agreement on May 10 , 2019 , and that day Trump carried out his earlier threat to impose additional tariffs on $ 200 billion in Chinese goods . China retaliated three days later , announcing new tariffs on $ 60 billion of American exports . Additional tariffs on another $ 300 billion in Chinese goods were being considered , pending a USTR hearing and a public comment period in June 2019 . Some economists estimated that the cumulative effect of the continuing trade conflict could raise costs for the average American household by several hundreds of dollars per year . During the June 2019 G20 Osaka summit , China and America agreed to resume stalled trade talks , with Trump announcing he would suspend the additional $ 300 billion in tariffs , and asserting China had agreed to buy a " tremendous amount " of American farm products , although there were no specifics or confirmation of this by China
2019 G20 Osaka summit
2019 G20 Osaka summit
Economic policy of Donald Trump