Graphic Truth: Taking aim in a US-China trade war

August 24, 2019

and

Wrecking the global economy's hopes for a relaxing late-August Friday, China and the US have taken fresh shots at each other in their deepening trade war.

First, China announced new tariffs on US goods in response to US levies on China's exports that are set to take effect next month.

Trump responded with a vintage tweet storm, lashing out at China and demanding that US firms stop doing business there. The Dow plunged as markets waited for the next shoe to drop. And drop it did: later in the day Trump announced higher tariffs on nearly everything that China exports to the United States.

Why now? Bear in mind, all of this comes right as Trump is leaving for this weekend's G7 summit in France. That gathering already promised to be a testy one – but with the global economy slowing, the impact of Trump's increasingly nasty trade war with China will add fresh tensions to the occasion.

So where are we in the trade war now? Here is an updated list of what measures each side has imposed to date, and what's next. Both sides have a lot at stake, but from the looks of it, the list isn't going to get shorter any time soon.

Opinion: Searching for signals on ‘Liberation Day’

President Donald Trump speaks from the Oval Office flanked by Commerce Secretary Howard Lutnick on the day he signed executive orders for reciprocal tariffs, Feb. 13, 2025.

REUTERS/Kevin Lamarque

Details of a group chat between senior administration officials that leaked last week – the so-called Houthi PC small group – provide allies, adversaries, and watchers with revealing insights into the administration’s foreign policy blueprint. Lindsay Newman explores the takeaways.

Walmart’s commitment to US manufacturing helps small businesses grow

Walmart

Proud Source became a Walmart supplier in 2021. Today, its team has grown by 50%, and it's the largest employer in Mackay, ID. Walmart supports small businesses across the country, and nearly two-thirds of Walmart's product spend is on products made, grown, or assembled in America. It’s all a part of Walmart’s $350 billion investment in US manufacturing, which helps small businesses grow and supports US jobs. Learn more about Walmart’s commitment to US manufacturing.

Tools and Weapons – In Conversation with Bill Gates

Microsoft

As Microsoft celebrates its 50th anniversary, Vice Chair and President Brad Smith sits down with company cofounder Bill Gates for a special episode of Tools and Weapons. They discuss Gates’ new memoir, "Source Code: My Beginnings," reflect on Microsoft’s impact over the past five decades, and explore why the next phase of the digital revolution is shaping up to be the most exciting yet. Subscribe and find new episodes monthly, wherever you listen to podcasts.

Graphic Truth: Taking aim in a US-China trade war

GZEROMEDIA

More from GZERO Media

Hump day recommendations, April 2, 2025

What if Japan & South Korea sided with China on US tariffs?

Trump’s tariff plan to take effect

T-Day has arrived. On Wednesday afternoon, Donald Trump’s reciprocal tariffs on US trade partners will take effect immediately after a Rose Garden announcement.

Hard Numbers: Booker sets record for longest Senate speech, Netanyahu and Orbán defy the ICC, Oz universities cut off Confucius, Argentina’s poverty plunges

China conducts massive military drills around Taiwan.

Beijing conducted one of the largest and most provocative military drills ever around the island -- but why now?

GZEROMEDIA

Elections coming in Ukraine?

Vladimir Putin insists that Volodymyr Zelensky is no longer Ukraine’s legitimate president because his government has imposed martial law and delayed elections that were due in 2024.

Careers

Opinion: Searching for signals on ‘Liberation Day’

Details of a group chat between senior administration officials that leaked last week – the so-called Houthi PC small group – provide allies, adversaries, and watchers with revealing insights into the administration’s foreign policy blueprint. Lindsay Newman explores the takeaways.

Walmart’s commitment to US manufacturing helps small businesses grow

Tools and Weapons – In Conversation with Bill Gates

Graphic Truth: Taking aim in a US-China trade war

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

More from GZERO Media

T-Day has arrived. On Wednesday afternoon, Donald Trump’s reciprocal tariffs on US trade partners will take effect immediately after a Rose Garden announcement.

Beijing conducted one of the largest and most provocative military drills ever around the island -- but why now?

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Vladimir Putin insists that Volodymyr Zelensky is no longer Ukraine’s legitimate president because his government has imposed martial law and delayed elections that were due in 2024.

Details of a group chat between senior administration officials that leaked last week – the so-called Houthi PC small group – provide allies, adversaries, and watchers with revealing insights into the administration’s foreign policy blueprint. Lindsay Newman explores the takeaways.