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TRADE WAR ;
China and the United States are engaged in a trade war as each country continues to dispute tariffs placed on goods traded between them. US President Donald Trump had declared in his campaign to fix China's "longtime abuse of the broken international system and unfair practices". The economic disputes occurred before China's entry to the World Trade Organization but the administrations of former Presidents George H. W. Bush, Bill Clinton, George W. Bush, and Barack Obama all failed to solve the problems.[3][4][5][6][7] In April 2018, the United States filed a request for consultation to the World Trade Organization in regard to concerns that China was violating intellectual property rights.[8]

In adding various tariffs, the U.S. administration is relying partly on Section 301 of the Trade Act of 1974 to prevent what it calls unfair trade practices and theft of intellectual property.[9][10] This gives the president the authority to unilaterally impose fines or other penalties on a trading partner if it is deemed to be unfairly harming U.S. business interests, especially if it violated international trade agreements.[11] In August 2017, the U.S. opened a formal investigation into attacks on the intellectual property of the U.S. and its allies,[12] which cost the U.S. alone an estimated $225–600 billion a year in losses.[13][14][15][16] In 2018, regardless of tariffs imposed by the Trump administration, China's annual trade surplus reached a record of $323.32 billion.[17] As a rebuttal against United States trade pressure; on September 24, 2018, China issued a white paper on the facts of Sino-U.S. economic and trade friction and China's position. On December 14, China's State Council Tariff Tax Committee decided to suspend the imposition of tariffs on automobiles and parts originating in the United States for three months from January 1, 2019, involving 211 tax items

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