• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
Politics

U.S. and China have hit each other with tit-for-tat tariffs for years. Here’s the history since Trump’s first term

By
Simina Mistreanu
Simina Mistreanu
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Simina Mistreanu
Simina Mistreanu
and
The Associated Press
The Associated Press
Down Arrow Button Icon
February 10, 2025, 6:16 AM ET
President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing on Nov. 9, 2017.
President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing on Nov. 9, 2017. Andy Wong—AP
Add Fortune on Google for similar content.

China’s tit-for-tat duties on U.S. imports took effect Monday, just hours after U.S. President Donald Trump announced that he wants to slap new duties on all steel and aluminum imports to the U.S.

Recommended Video

The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office, when the U.S. and China engaged in a trade war that spanned most of Trump’s first four years in office and was continued to a certain extent under his successor, Joe Biden.

Less than a month after returning to the White House on Jan. 20, Trump slapped 10% duties on all Chinese imports, a move that’s expected to raise prices on goods including laptops, toys and fast fashion.

China responded with 15% duties on coal and liquefied natural gas products, and a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S.

Beijing also launched an anti-monopoly investigation into Google and added PVH, the owner of U.S. fashion brands Tommy Hilfiger and Calvin Klein, to its “unreliable entity” list. China also restricted the exports of five rare metals used as key components in the defense and clean energy industries among others.

As the new frictions threaten to escalate into a trade war, here are some key moments in the countries’ yearslong trade spat:

March 2017

Shortly after becoming U.S. president for the first time, Trump, determined to reduce trade deficits with other countries, signs an executive order calling for tighter tariff enforcement in anti-dumping cases.

April 2017

During a visit to Beijing, Trump and Chinese President Xi Jinping agree to a 100-day plan for trade talks meant to reduce the U.S. trade deficit with China. The trade talks fail by July.

August 2017

Trump launches an investigation into alleged Chinese theft of U.S. intellectual property, which the U.S. estimated was costing it up to $600 billion a year.

January 2018

The U.S. announces 30% tariffs on imported solar panels, which come mostly from China.

April 2018

Beijing hits back with tariffs on U.S. imports worth about $3 billion, including 15% duties on products including fruits, nuts, wine and steel pipes, and a 25% tax on pork, recycled aluminum and six other types of goods.

A day later, the U.S. ups the ante by slapping a 25% tax on Chinese goods from the aerospace, machinery and medical industries worth about $50 billion. China retaliates with 25% duties on aircraft, automobiles, soybeans and chemicals among other imports, worth about another $50 billion.

June-August 2018

The two countries impose at least three more rounds of tit-for-tat tariffs affecting more than $250 billion worth of Chinese goods and more than $110 billion worth of U.S. imports to China. These include 10% tariffs on $200 billion of Chinese goods that take effect in September 2018 and are supposed to increase to 25% on Jan. 1, 2019.

December-May 2019

Washington and Beijing fail to iron out a trade deal after agreeing to halt new tariffs in December 2019. After the talks collapse, Trump goes ahead and raises tariffs from 10% to 25% on $200 billion worth of Chinese goods.

May 2019

Washington bans Chinese technology company Huawei from buying parts and components from U.S. companies.

June 2019

Trump and Xi agree in a phone call to restart trade talks, but these hit numerous snags in the next five months.

January 2020

The U.S. and China sign a Phase One trade deal through which China commits to buying an additional $200 billion of U.S. goods and services over the next two years. However, a research group later found China had bought essentially none of the goods it had promised.

October 2022

Biden, who had retained most of the tariffs enacted under Trump, issues sweeping new restrictions on selling semiconductors and chipmaking equipment to China. These curbs will be expanded in October 2023 and December 2024.

February 2024

On his campaign trail, Trump says that he plans to impose tariffs of at least 60% on all Chinese imports if he wins a second term in office.

May 2024

Biden raises tariffs on Chinese electric vehicles, solar cells, steel, aluminum and medical equipment.

Feb. 4, 2025

New 10% tariffs on all Chinese imports to the U.S. come into effect. China retaliates the same day by announcing a flurry of countermeasures, including the duties on American coal, liquefied natural gas and agricultural machinery.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Simina Mistreanu
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Politics

harvard
LawEducation
Harvard took hundreds of millions from Chinese donors—now the DOJ is asking if Americans were left out on purpose
By Collin Binkley, Didi Tang and The Associated PressJuly 21, 2026
2 hours ago
ice
North AmericaImmigration
Army veteran with ‘ICE Off Our Streets’ sign sets fire and opens pellet gun attack outside Manhattan immigration court, injuring three: authorities
By Michael R. Sisak, Jamie Stengle and The Associated PressJuly 21, 2026
2 hours ago
fuel
North AmericaWhite House
Trump’s $3.47 ‘Freedom Fuel’ gas network leans on an NFL kicking coach, a GOP fundraiser and a N.J. entrepreneur with a fuel theft rap sheet
By Brian Slodysko, Michael Biesecker, Josh Boak and The Associated PressJuly 21, 2026
2 hours ago
fl
North AmericaElections
Trump-backed hopeful to succeed DeSantis unveils plan to protect local water, electricity from data centers
By Matt Brown and The Associated PressJuly 21, 2026
3 hours ago
Trump to impose 50% tariffs on most Canadian goods, invoking the ‘nuclear option’ that could unleash a new wave of economic chaos and inflation
EconomyTariffs
Trump to impose 50% tariffs on most Canadian goods, invoking the ‘nuclear option’ that could unleash a new wave of economic chaos and inflation
By Josh Boak and The Associated PressJuly 20, 2026
16 hours ago
President Donald Trump walks down the steps from Air Force One.
PoliticsDonald Trump
Trump admin attempted to uncover phone records of NYT journalists and sources related to coverage of Qatari-gifted Air Force One
By The Associated Press, Eric Tucker and Jocelyn NoveckJuly 20, 2026
17 hours ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
21 hours ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
1 day ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
3 days ago
Current price of silver as of Monday, July 20, 2026
Personal Finance
Current price of silver as of Monday, July 20, 2026
By Joseph HostetlerJuly 20, 2026
1 day ago
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
Retail
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
By Sasha RogelbergJuly 20, 2026
1 day ago
Current price of oil as of July 20, 2026
Personal Finance
Current price of oil as of July 20, 2026
By Joseph HostetlerJuly 20, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.