Overview

• President Trump has publicly urged China to negotiate a tariff deal, stating that the US does not need to reciprocate.
• China has responded by ordering its airlines to stop taking new deliveries of Boeing jets, targeting a key American industry.
• The trade war has escalated to record-high tariffs, with the US imposing 145% on Chinese goods and China retaliating with 125% on US imports.
• US export restrictions on advanced technology, including Nvidia chips, are projected to cost the company $5.5 billion in lost sales to China.
• Chinese state media has criticized the US for its trade policies, accusing it of economic overreach and rejecting claims of victimhood in global trade.