US History Weeks of 5-11 through 5-22

Use the Link below as a reference for the assignments.

https://www.cfr.org/timeline/us-relations-china


Week of 5-11

May 10, 2019

Trade War Intensifies

/After trade talks break down, the Trump administration raises tariffs from 10 to 25 percent on $200 billion worth of Chinese goods. China retaliates by announcing plans to increase tariffs on $60 billion worth of American goods. President Trump says he believes the high costs imposed by tariffs will force China to make a deal favorable to the United States, while China’s Foreign Ministry says the United States has “extravagant expectations.” Days later, the Trump administration bans U.S. companies from using foreign-made telecommunications equipment that could threaten national security, a move believed to target Huawei. The U.S. Commerce Department also adds Huawei to its foreign entity blacklist.

1. Describe what led to the trade war between China and the US.

January 15, 2020

‘Phase One’ Trade Deal Signed

President Trump and Chinese Vice Premier Liu He sign the agreement [PDF], a breakthrough in the nearly two-year trade war between the world’s two largest economies. The deal relaxes some U.S. tariffs on Chinese imports and commits China to buying an additional $200 billion worth of American goods, including agricultural products and cars, over two years. China also pledges to enforce intellectual property protections. But the agreement maintains most tariffs and does not mention the Chinese government’s extensive subsidies, a longtime concern of the United States, though Trump says these could be tackled in a future deal. Days before the signing, the United States dropped its designation of China as a currency manipulator.

2.  Identify the conditions of the trade deal signed on January 19th of 2020.