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: China–United States relations
US president Bill Clinton and Chinese leader Jiang Zemin holding a joint press conference at the White House, October 29, 1997
US president George W. Bush and Chinese leader Hu Jintao at the White House, April 20, 2006
US president Barack Obama and Chinese leader Xi Jinping raising a toast during a state dinner at the White House, September 25, 2015
The volume of trade in goods between the US and China has grown rapidly since the beginning of China's economic reforms in the late 1970s. The growth of trade accelerated after China's entry into the World Trade Organization (WTO) in 2001, with the US and China becoming one another's most important trading partners. The US has consistently imported more from China than it has exported to China, with the bilateral US trade deficit in goods with China rising to $375.6 billion in 2017. The US government has at times criticized various aspects of the US-China trade relationship, including large bilateral trade deficits, and China's relatively inflexible exchange rates. The administrations of George W. Bush and Barack Obama imposed quotas and tariffs on Chinese textiles in order to shield US domestic producers, accusing China of exporting these products at dumping prices. During the Obama administration, the US additionally accused China of subsidizing aluminum and steel production, and initiated a range of anti-dumping investigations against China. However, during these two US administrations, US-Chinese trade continued to grow. 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.