The trade war continues. The United States and China imposed their latest waves of tariffs on Sept. 24, deepening tensions between the two countries. The U.S.
David Stanton is a second-year student at Yale Law School and a student fellow of the Paul Tsai China Center. Before law school, he worked as a Peace Corps volunteer in Guizhou, China. He holds a bachelor's degree in Economics and Psychology from the University of Pennsylvania.
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President Trump announced on Monday that his administration will begin imposing new tariffs against $200 billion in Chinese imports next week. Starting on Sept. 24, the government will subject those imports to 10 percent tariffs; that tariff rate will jump to 25 percent on Jan. 1.
Chinese telecommunication company Huawei has filed a 39-page comment with the Federal Trade Commission (FTC) alleging that the U.S. government has unfairly denied Huawei and other Chinese telecom companies equal access to American markets.
China and U.S. restart trade negotiations
The U.S.-China trade conflict has continued to escalate, as both sides appear determined not to flinch among rapidly rising tariff threats. On Aug. 7, the U.S. Trade Representative announced the list of Chinese imports that will be targeted in the next $16 billion tariff hike scheduled for Aug.
President Trump threatened to impose tariffs against all Chinese imports to the United States in an interview with CNBC last Friday, stoking fears of an all out trade war between the two countries.
Months of trade talks have proven unsuccessful at halting the escalating U.S.-China tech trade conflict, as the U.S. finally implemented its first wave of 25 percent tariffs against $34 billion in high-tech Chinese imports on July 6.