May 20th, 2019 | By: John Stewart

Special Report: Trade War & Tariffs

Trade talks with China break down; protectionist policies accelerating. Following over a year of discussion with China, trade talks broke down, prompting the White House to raise tariffs to 25 percent on $200 billion of Chinese imports. The recent escalation represents the latest developments in trade talks that have been ongoing for over a year. Notable tariffs are currently in place covering steel and aluminum, as well as washing machines and solar panels. However, the latest round of tariffs includes furniture, clothing, construction materials and electronics such as TV’s and smartphones. China immediately retaliated with new tariffs on agricultural products such as soybeans and cotton and industrial equipment, machinery and airplane parts. As our largest trading partner, total economic activity between the United States and China exceeds $650 billion, potentially creating a significant disruption to the U.S. economy if the trade war drags on.