Overview

• The U.S. has implemented a 10% baseline tariff on all imports, with a 34% additional tariff on Chinese goods, bringing total duties on China this year to 54%.
• China has retaliated with its own tariffs and described the U.S. measures as unilateralism, protectionism, and economic bullying.
• Chinese officials criticized the tariffs for disproportionately harming less developed countries and widening global economic inequality.
• China has urged nations to safeguard multilateral trading systems under United Nations and World Trade Organization frameworks.
• There is no clear indication of negotiations between the U.S. and China, with China deferring questions on potential talks.