China joins the nuclear club in October 1964 when it conducts its first test of an atomic bomb. The Wall Street Journal, citing Trade Data Monitor to show that China is the leading source of many key medical supplies, raised concerns that US tariffs on imports from China threaten imports of medical supplies into the United States. "[326], In mid-2021, Taoran Notes, a social media account associated with the state-run Economic Daily, advised Chinese decision-makers to remain calm and recommended that both sides develop a deeper understanding of each other's perspectives. [22] As president, in August 2017, he directed the Office of the United States Trade Representative (USTR) to investigate Chinese economic practices. On the sidelines of the 2014 Asia-Pacific Economic Cooperation summit, President Obama and President Xi issue a joint statement on climate change, pledging to reduce carbon emissions. Meanwhile, Chinese Foreign Minister Wang Yi blames the United States for tensions. On June 3, the government sends in military troops to clear the square, leaving hundreds of protesters dead. [70][71][72], On 20 January 2021, China imposed sanctions against outgoing US Secretary of State Mike Pompeo, former secretary of health and human services Alex Azar, former under secretary of state Keith J. Krach, outgoing US ambassador to the United Nations Kelly Craft, and 24 other former Trump officials. What US-China trade war means for imports, exports and soybeans Chinas Commerce Ministry responds to the latest U.S. tariffs by halting purchases of U.S. agricultural products, and Chinas yuan currency weakens past the key seven per dollar level, sending equity markets sharply lower. Chinas stated ambitions and assertive behavior present systemic challenges to the rules-based international order and to areas relevant to alliance security, the statement says. In November 2021, Washington and Beijing agree to ease restrictions on journalists working in each others countries. "[319][320], In August 2018, Hong Kong-based academic Willy Lam said that the trade war had galvanized all the previous misgivings which different countries in the West had toward China and undermined Chinese leader Xi Jinping's authority. "[387], In study on the trade-effects of regulation in 2023, economists Knut Blind and Moritz Bhmecke-Schwafert concluded that tariff hikes by the US are expected to have an opposite effect in the mid- and long-term "and exports from China to the US might actually increase" based on trade data of OECD and BRICS countries in the last two decades.
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