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.

Chinas economic growth is at risk as Trumps 60% US tariff hike looms. ANZ Research predicts a potential 1.5% GDP reduction, echoing tensions from the 2018 trade war and signaling further strain on global

China’s exports increased in November, but at a slower pace compared to the robust rebound in the previous month, while imports weakened, at a time the world’s second-largest economy is facing growing external trade pressure and sluggish domestic demand.