The United States (US) under President Donald Trump revised its foreign economic policy. Since 2018, the United States started its protectionist policy towards its biggest trade partner China.
China’s market was more protected initially for the US companies. Because of the trade war, in 2020 average US tariffs increased to 19.3% and covered the import worth $550 billion, while China’s average tariffs reached 20.3%. After several retaliations, China had to make a Phase-one trade deal, according to which it has to purchase additional $200 billion American goods and services before the end of 2021. One of the most important factors are intellectual property theft and forced technology transfer. Thus, trade war is not a result of political containment, but a consequence of economic issues.
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