With Donald Trump’s decisive victory in Tuesday’s presidential contest, the U.S.-China trade war is set to further escalate.
The ongoing trade conflict between the world’s two largest economies began in 2018 when Trump launched a series of tariffs targeting hundreds of billions of dollars in Chinese goods, citing what he called unfair trade policies and intellectual property theft.
Trump, who has previously called himself the “Tariff Man” and described tariff as “the most beautiful word in the dictionary,” has threatened to impose 10 percent duties on all imports or higher and as much as 60 percent on Chinese goods specifically.
These additional measures could be implemented under Section 301 of the U.S. Trade Act of 1974, which allows the U.S. to investigate and respond to foreign trade practices deemed unfair or damaging to U.S. interests.