Title: China–United States trade war - Wikipedia
Headings: China–United States trade war
China–United States trade war
Contents
Background
The US-China trade relationship
Trump administration's complaints
China's response and counter-allegations
Chronology
2018
2019
2020
2021
Effects
Overall effects on U.S. economy
Stock market
Domestic politics
Other countries
Reactions
Chinese domestic reactions
United States domestic reactions
Congress
Agricultural
Business
Manufacturing
Economists and analysts
Others
International
See also
References
Further reading
External links

Content: During this time, China's economy grew to be the second largest in the world (using nominal exchange rates), second only to that of the US. Large-scale Chinese economic initiatives, such as the Belt and Road Initiative, the Asian Infrastructure Investment Bank and " Made in China 2025 " alarmed some US policymakers. More broadly, China's economic growth has been viewed by the US government as a challenge to American economic and geopolitical dominance. During his 2016 presidential campaign, Donald Trump promised to reduce the US trade deficit with China, which he attributed to unfair trade practices, such as intellectual property theft and lack of access by US companies to the Chinese market. American proponents of tariffs on China have argued that tariffs will bring manufacturing jobs to the US; that bilateral tariffs should be reciprocal; that the US should eliminate its trade deficit with China; and that China should change various policies governing intellectual property and investment. Most economists are skeptical of the ability of tariffs to achieve the first three of these goals. A study estimates that U.S. exports to China provide support to 1.2 million American jobs and that Chinese multinational companies directly employ 197,000 Americans, while U.S. companies invested $105 billion in China in 2019.