Here's a look at how the showdown between the world's two largest economies played out the last time Trump was in office and where things might be headed now.

In the final year of Trump’s term, the two nations agreed to a truce, signing a trade deal that scrapped some tariffs and reduced others. China also agreed to purchase an additional $200 billion in U.S. goods and services — a pledge it failed to fulfill.

Following Trump’s Thanksgiving-week threats, Trudeau spoke with the incoming president by phone and jetted off soon after for an in-person meeting at Mar-a-Lago. During that dinner, Trudeau reportedly conveyed a message that Canada shouldn’t face the same sanctions or penalties as Mexico,

President-elect Donald Trump has made no secret of his love of tariffs, vowing steep import taxes on China, Mexico, Canada, and almost every product that crosses the US border on his first day in office.

President-elect Donald Trump took a massive step back from previous claims he’s made on his planned tariffs, stating in an interview over the weekend that he could no longer “guarantee” that costs from tariffs wouldn’t be passed onto consumers.

During a recent interview, President-elect Donald Trump discussed his proposal to implement widespread tariffs, saying he couldn’t “guarantee” they wouldn’t raise prices.