US-China trade war began in 2018 over tariffs, impacting markets and causing uncertainty.

From Investing.com: 2025-02-21 00:32:00

During President Trump’s first term, he pursued economic policies diverging from predecessors, including hefty tariffs. The US-China trade war ensued, causing market uncertainty. Trade wars occur when countries impose barriers due to disputes, affecting costs, supply chains, trade volume, market volatility, and economic growth. The US-China conflict began in 2018 due to unfair practices and escalated with tariffs on billions of goods. The US historically had a trade deficit with China, and a halt in trade would impact both economies severely. Various markets were affected, including currency, equity, agriculture, and technology sectors. The Phase One deal in 2020 partially resolved the conflict, but uncertainties remain.



Read more at Investing.com: US-China Trade War 2018: Background, Economic Impact, Market Reactions