Overview

Is it the new Cold War, this time fought with the weapons of tariffs and counter-tariffs? The trade conflict between America and China is an unprecedented economic clash between two superpowers. It goes back to the trade policy credo of US President Donald Trump: "America first!" As a result, the USA imposed numerous tariffs of 25% on Chinese imported products in 2018. China responds with counter-tariffs. The trade dispute between the two largest economies escalated in 2020, causing a tremor that shook Europe and the entire world.