Possible U.S.-China phased trade deal
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The U.S. and China have agreed to roll back tariffs on each other’s goods in stages, as negotiations continue to avoid planned tariffs on $156 billion of Chinese consumer goods due in December
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U.S. exports to China

U.S. imports from China

Feb-Mar 2018: Trump signs 30% tariffs on solar panels, 25% on steel, 10% on aluminium

Jul: 25% tariffs on $34bn of Chinese goods Aug: 25% tariffs on $16bn of goods

Sep: Trump threatens tariffs on $267bn goods, slaps 10% tariffs on $200bn

May 2019: Increase to 25% on $200bn Sep: Fresh tariffs of 15% on $112bn of Chinese imports

bn 
70
60
50
40
30
20
10
0   2017 2018 2019

Jan 2017: President Donald Trump takes office

41.3   52.2  34.8
10.0    9.1   9.4
         
Annual U.S. trade deficit $375.4bn
                             
Deficit increases to $419.5bn

Jan-Oct imports down $69.4bn
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Sourcs: Bloomberg, Reuters, U.S. Census Bureau Picture: Associated Press © GRAPHIC NEWS