Created
: 2025.02.26
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
China's Vice Commerce Minister meets with US business leaders to discuss tariffs
World FX news
Breaking news
China's Vice Commerce Minister meets with US business leaders to discuss tariffs
New
2025.02.26 11:08
2025.02.26 11:08
2025.02.26 11:08
China's Commerce Ministry said on Wednesday that the country's International Trade Representative and Vice Minister of Commerce, Wang Shouwe, has met with US business leaders.
The main agenda of the meeting was discussing tariffs.
No further details are provided about the same.
US-China Trade War FAQs
Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living.
An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China's economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies.
The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.
Last updated
: 2025.02.26
Related articles
USD: Biding time ahead of the next tariff headlines - ING
2 minutes agoGold stabilizes above $2,900 after deep dive lower
11 minutes agoAUD/USD: Expected to trade in a 0.6325/0.6365 range - UOB Group
46 minutes agoGBP: Holding steady for the time being - ING
50 minutes agoGBP/USD does not appear to have enough momentum to reach 1.2730 - UOB Group
55 minutes agoUSD/JPY drops below 149 and has further to go - Danske Bank
2025.02.26 17:35
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD: Biding time ahead of the next tariff headlines - ING
Having been under pressure on a weak set of consumer confidence readings, the dollar has found a little support overnight on news that the House has passed a budget blueprint bill.
New
2025.02.26 18:44Gold stabilizes above $2,900 after deep dive lower
Gold's price (XAU/USD) stabilizes and trades near $2,910 at the time of writing on Wednesday, following a 1.3% drop the previous day after markets got spooked by weak US consumer confidence data and more realistic tariff threats from President Trump's administration.
New
2025.02.26 18:35Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
New
2025.02.26 18:30Silver Price Forecast: XAG/USD edges higher toward $32.00 barrier near 14-day EMA
Silver price (XAG/USD) halts its three-day losing streak, trading near $31.80 per troy ounce during the European session on Wednesday.
New
2025.02.26 18:20AUD/USD: Expected to trade in a 0.6325/0.6365 range - UOB Group
Australian Dollar (AUD) is expected to trade in a 0.6325/0.6365 range vs US Dollar (USD). In the longer run, upward momentum has largely faded; AUD is likely to consolidate between 0.6280 and 0.6410 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.02.26 17:59GBP: Holding steady for the time being - ING
Pound Sterling (GBP) can start to underperform through March, but one has to be patient, ING's FX analyst Chris Turner notes.
New
2025.02.26 17:55Oil prices drop sharply due to deterioration in risk sentiment - Danske Bank
Oil prices dropped sharply yesterday, where Brent plunged below USD74/bbl, Danske Bank's analyst Jens Nærvig Pedersen notes.
New
2025.02.26 17:53GBP/USD does not appear to have enough momentum to reach 1.2730 - UOB Group
Room for further rebound, but Pound Sterling (GBP) does not appear to have enough momentum to reach 1.2730 vs US Dollar (USD).
New
2025.02.26 17:51USD/JPY drops below 149 and has further to go - Danske Bank
USD/JPY dropped below 149 yesterday, Danske Bank's FX analyst Jens Nærvig Pedersen reports.
New
2025.02.26 17:35USD/JPY advances to near 149.50, upside seems limited amid hawkish BoJ
USD/JPY retraces its recent losses from the previous session, trading around 149.40 during the European hours on Wednesday.
New
2025.02.26 17:31Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
