President Donald Trump and Chinese President Xi Jinping are about to meet in person for the first time in six years. The meeting in South Korea comes after months of intense back-and-forths between the leaders of the world’s two largest economies. At one point, the spat led to tariffs on Chinese goods surging to a minimum of 145% and at least 130% on American goods.
Even though tariff rates on both countries’ goods have since come down, they’re still higher than where they were before Trump’s second term began. And it’s never been out of the question that tariffs could skyrocket again, with trade agreements brokered by American and Chinese negotiators practically hanging by a thread.
So, how did we get here? Keep scrolling for a recap of the dizzying back-and-forth between the US and China — and where things stand for now.
Photo credits: Chip Somodevilla/Getty Images and Greg Baker/AFP/Getty Images
Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
Continue reading the complete article on the original source
