The Trade War Is On: Timeline of How We Got Here and What’s Next

The trade dispute between the U.S. and China has entered a new phase, with the Trump administration announcing higher tariffs on $34 billion of Chinese imports, and an equivalent response from Beijing.

Without talks, in the next two weeks or so, the U.S. will announce a further $16 billion of goods to be hit with higher duties, and we can expect an equal response from the other side. That’s notwithstanding Trump’s threat to escalate with tariffs on $200 billion more should China retaliate to his first salvo -- and of course, they’ve done that.