(04.10.2021)
On July 6, 2018, US President Donald Trump unilaterally imposed a 25 per cent tariff on Chinese imports of around $34 billion, and further tariffs in 2018 and 2019 — claiming that trade between US and China had been unfairly skewed in China’s favour and needed to be rebalanced. The ostensible reason put forward was the persistence of what were called “unfair trade practices” and “technology theft” by China.
Thereafter, the trade war has continued into the administration of President Joe Biden, and morphed into a technology war, which is probably what it was always about.