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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ World https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ G20 Summit 2019: Trump meets with Osaka leaders – latest news US President Donald Trump and Chinese President Cing Dingping have just wrapped up a closed door meeting where they discussed the ongoing US-China trade-war war.

G20 Summit 2019: Trump meets with Osaka leaders – latest news US President Donald Trump and Chinese President Cing Dingping have just wrapped up a closed door meeting where they discussed the ongoing US-China trade-war war.



  Photo / CNNMoney
But let's go back to the foundations. Here's what you need to know:

What is the war of war?

The trade war spans a series of escalating trade tariffs between the US and China. It began last June when Trump announced $ 50 billion in Chinese goods charges. A few days later, Xi responded with US $ 34 billion US dollars of tariffs

The trade war went on for a year. Hundreds of billions of dollars in US and Chinese exports now face heavy tariffs on both sides of the Pacific Ocean.

What does this mean to the public?

Tariffs mean that US products are more expensive. for Chinese importers – and so the soybean, corn and wheat farmers in the US have taken a heavy blow. Big American companies and industrial trade associations, such as Walmart and Costco, have also suffered.

When will it end?

Nobody is quite sure. Trade talks are stagnant in May, and although today's meeting signals a preliminary restart in the talks, US authorities say the final deal is not expected this week.

avoiding new tariffs when setting deadlines for renewal of negotiations.


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