US President Donald Trump said the United States had asked to postpone his planned meeting with Chinese President Xi Jinping in Beijing for “about a month” due to the ongoing war with Iran, CNBC reported on Monday.
Trump added that he did not know whether he still planned to go to China to meet with Xi in behind schedule March as previously planned, citing the war in Iran as the reason.
“I would like to, but because of the war I want to be here. I feel like I have to be here. That’s why we asked that we delay it for about a month,” Trump said. “It’s very simple. There’s a war going on. I think it’s important that I’m here, so it may happen that we’re a little late, not a lot,” he added.
Frequently asked questions about the US-China trade war
Broadly speaking, a trade war is an economic conflict between two or more countries resulting from extreme protectionism on one side. This means creating trade barriers such as tariffs, which have the effect of counter-barriers that augment the cost of imports and therefore the cost of living.
The economic conflict between the United States (US) and China began in early 2018 when President Donald Trump established trade barriers to China, citing unfair trade practices and theft of the Asian giant’s intellectual property. China retaliated by imposing tariffs on many American goods, such as cars and soybeans. Tensions escalated until the two countries signed the Phase One U.S.-China trade deal in January 2020. The agreement called for structural reforms and other changes to China’s economic and trade system and was intended to restore stability and trust between the two nations. However, the coronavirus pandemic has distracted attention from the conflict. It is worth mentioning, however, that President Joe Biden, who took office after Trump, kept tariffs at their current levels and even added additional fees.
Donald Trump’s return to the White House as the 47th president of the United States has sparked a recent wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China upon his return to office, which he did on January 20, 2025. With Trump’s return, the U.S.-China trade war is set to pick up where it left off, with tit-for-tat policies impacting the global economic landscape amid disruptions to global supply chains, resulting in reduced spending, particularly investment, and directly impacting PPI inflation. consumer.
