US China Tariff War

Source: simon2579 / Getty

There have been recent talks about between the US and Chinese government having a standoff in due to negotiations about a trade agreement. The recent stop has been made because there has been a 200 billion dollar tariff on trade goods from China.

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The US government is trying to end this standoff with diplomacy. Although, no representatives from either side have made contact yet. Trump believes that this trade battle can be a possible win for the United States. It is starting to seem like it is going to turn into a tariff war. the Chinese government plans to act on a 60 billion dollar tariff on the US. To retaliate, the US plans to add an additional tariff worth 267 billion dollars.

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