LeadStory

Are the US and China in a trade war?

Asked 2 days ago

Answer

Yes, the U.S. and China are currently in a trade war, as confirmed by President Trump and reflected in ongoing tariff exchanges, export controls, and economic hostilities between the two nations.

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Reuters

China blames U.S. for global panic over rare earths controls

Reuters ยท Less Recent
Reuters
Reuters
Less Recent
  • China accuses the U.S. of stoking panic over rare earth export controls.
  • China produces over 90% of the world's processed rare earths and magnets. 11s
  • China rejects claims that manufacturers using its rare earths need special export licenses. 1m 41s
  • U.S. officials call China's measures a global supply chain power grab. 1m 45s
  • Trade talks between U.S. and China are ongoing, with possible tariff truce extension. 1m 56s
Mining & ResourcesEconomyInternational Politics

References

China blames U.S. for global panic over rare earths controls
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Reuters
3 days ago
China blames U.S. for global panic over rare earths controls

When asked if a sustained trade war is coming, Trump responds, 'Well, you're in one now.'

Trump says U.S. is in a trade war with China now
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CNBC
3 days ago
Trump says U.S. is in a trade war with China now

President Trump states, 'we are in a trade war with Beijing,' marking a direct acknowledgment of the ongoing economic conflict.

Zhou: China-U.S. trade tensions are old & long-lasting
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Bloomberg
4 days ago
Zhou: China-U.S. trade tensions are old & long-lasting

A market analyst notes that U.S.-China trade tensions have existed for many years and are likely to be long-lasting.

How the U.S.-China trade war could impact cost of living for Americans
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CBS America
5 days ago
How the U.S.-China trade war could impact cost of living for Americans

The report describes China reigniting the trade war with export restrictions and the U.S. responding with tariff threats, causing market volatility.

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