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 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. Economists have studied the impact of trade with China and increasing labor productivity on employment in the American manufacturing sector, with mixed results. Most economists believe that American trade deficit is the result of macroeconomic factors, rather than trade policy. While increased tariffs on Chinese goods are expected to decrease US imports from China, they are expected to lead to increased