- Since then, the two sides have together placed tariffs on more than $360 billion worth of each other's products.
- Here's a timeline of the US-China trade war so far.
- Visit Markets Insider for more stories.
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It's been more than a year since the US-China trade war started. Here's a timeline of everything that's happened so far.
It's been more than a year since President Donald Trump ignited a trade war with China.
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March 1, 2018: President Donald Trump announces tariffs on all imports of steel and aluminum , including metals from China.
March 22, 2018: Trump announces plans to impose 25% tariffs on $50 billion worth of Chinese goods. China announces tariffs in retaliation to the steel and aluminum duties and promises a response to the latest US announcement.
April 3, 2018: US Trade Representative Robert Lighthizer announces a list of Chinese goods subject to the tariffs. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs.
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April 4, 2018: China rolls out a list of more than 100 US goods worth roughly $50 billion that are subject to retaliatory tariffs.
May 21, 2018: After a meeting, the two countries announce the outline of a trade deal to avoid the tariffs.
May 29, 2018: The White House announces that the tariffs on $50 billion worth of Chinese goods will move forward , with the final list of goods to be released on June 15. The move appears to wreck the nascent trade deal.
June 15, 2018: Trump rolls out the final list of goods subject to new tariffs . Chinese imports worth $34 billion would be subject to the new 25% tariff rate as of July 6, with another $16 billion worth of imports subject to the tariff at a later date. China retaliates with an equivalent set of tariffs.
June 18, 2018: Trump threatens 10% tariffs on another $200 billion worth of Chinese goods.
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July 6, 2018: The first tranche of tariffs on $34 billion worth of Chinese goods takes effect; China responds in kind .
July 10, 2018: The US releases an initial list of an additional $200 billion worth of Chinese goods that could be subject to 10% tariffs.
July 24, 2018: The Trump administration announces a $12 billion bailout package for farmers hurt by retaliatory duties on agricultural products, set to begin in September.
August 1, 2018: Washington more than doubles the value of its tariff threats against Beijing, announcing plans to increase the size of proposed duties on $200 billion worth of Chinese goods to 25% from 10%.
August 3, 2018: China says it will impose tariffs of various rates on another $60 billion worth of US goods if Trump moves forward with his latest threat.
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August 7, 2018: The US announces that the second tranche of tariffs, which would hit $16 billion worth of Chinese goods, will take effect August 23.
August 23, 2018: The US imposes tariffs on another $16 billion worth of Chinese goods, and Beijing responds with tariffs on $16 billion worth of US goods.
September 7, 2018: Trump says the tranche of tariffs on $200 billion worth of Chinese goods is coming "soon" and threatens to impose tariffs on another $267 billion worth of Chinese goods.
September 17, 2018: The US imposes tariffs on $200 billion worth of Chinese goods, and the tariff rate is scheduled to increase to 25% from 10% on January 1.
December 1, 2018: Trump and Chinese President Xi Jinping sit down at the G20 summit in Argentina , where the two leaders hash out a trade truce , delaying the escalation of US tariffs until March 1.
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December 4, 2018: Despite the truce, Trump tweets that he is still a "Tariff Man " and says a deal will get done only if it is in the best interest of the US.
February 24, 2019: After a series of negotiations, Trump announces that US tariffs will not increase on March 1. He delays the increase indefinitely.
May 5, 2019: After apparent progress in talks, the US accuses China of reneging on past trade commitments. Trump threatens to raise tariff rates and to place duties on another $300 billion worth of Chinese goods.
May 10, 2019: Trump follows through with those threats , increasing import taxes to $25% from 10% on about $200 billion worth of products from China. Negotiations stall, and the US reportedly gives China a three-to-four week deadline for a deal.
May 13, 2019: China retaliates against the US by announcing it will raise tariff rates on $60 billion worth of American products on June 1.
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May 15, 2019: Trump signs an executive order barring American companies from using telecommunications gear from foreign adversaries officials declared as a threat to national security. He also adds Huawei and dozens of other Chinese companies to the US's "Entity List."
May 21, 2019: Xi calls on China to begin a new "long march," a potential signal that the country is gearing up for a prolonged fight with the US.
May 22, 2019: Xi visits one of the largest suppliers of rare-earth elements in the world, located in Ganzhou, China. The move was widely seen as a reminder of the leverage China holds when it comes to minerals the US relies on for a variety of goods, from jet fuel to wind turbines.
May 23, 2019: Trump rolls out a $16 billion bailout program for farmers who have been hurt by China's retaliatory tariffs on agricultural products.
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See Also:
- Retired 4-star Gen. Stanley McChrystal shares the profound lesson on failure he learned from handing his resignation letter to President Obama
- Share your opinion become a BI Insider!
- JPMorgan's quant guru breaks down the market's ace in the hole for fighting Trump's trade war and explains why stocks could surge 12%
SEE ALSO: Trump rolls out a $16 billion bailout package as the trade war stings American farmers
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