Trump Has Begun Another Trade War. Here’s A Timeline Of How We Got Here

NEW YORK (AP) — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty.

Since taking office less than two months ago, Trump has rolled out hefty import taxes on goods coming from America’s three biggest trading partners — Mexico, Canada and China — and promises that more targets are on the horizon.

Trump is no stranger to tariffs. He also launched a trade war during his first term in office, but has more sweeping plans now. Economists stress there could greater consequences on businesses and economies worldwide this time — and that higher prices will likely leave consumers footing the bill.

There’s also been a sense of whiplash from Trump’s back-and-forth tariff threats and responding retaliation, including recently-postponed levies for some goods from Canada and Mexico that followed a 30-day pause for the auto industry. The uncertainty has roiled financial markets, lowered consumer confidence, and enveloped many businesses with questions that could delay hiring and investment.

Here’s a timeline of how we got here:

Trump’s first term

Trump launches a trade war during his first term in office — taking particular aim at China.

The two countries exchange a series of tit-for-tat levies affecting hundreds of billions of dollars’ worth of goods. The dispute centers around U.S. allegations that China deploys underhanded tactics — including stealing trade secrets and pressuring U.S. companies to hand over sensitive technology — in an effort to supplant the U.S. in advanced fields such as quantum computing and automated cars.

Trump puts tariffs on most Chinese goods. Meanwhile, Beijing responds with its own retaliatory tariffs on U.S. products ranging from fruit, soybeans and wine to aircraft, automotive and chemical imports.

Separately, Trump slaps tariffs on imported solar panels and washing machines. And in 2018, he imposes taxes of 25% on imported steel and 10% on aluminum imports on national security grounds, escalating tensions with other trading partners. He also uses the threat of more tariffs to force Canada and Mexico to renegotiate a North American trade pact, called the U.S.-Mexico-Canada Agreement, in 2020.

Trump launches a trade war during his first term in office — taking particular aim at China.

The two countries exchange a series of tit-for-tat levies affecting hundreds of billions of dollars’ worth of goods. The dispute centers around U.S. allegations that China deploys underhanded tactics — including stealing trade secrets and pressuring U.S. companies to hand over sensitive technology — in an effort to supplant the U.S. in advanced fields such as quantum computing and automated cars.

Trump puts tariffs on most Chinese goods. Meanwhile, Beijing responds with its own retaliatory tariffs on U.S. products ranging from fruit, soybeans and wine to aircraft, automotive and chemical imports.

Separately, Trump slaps tariffs on imported solar panels and washing machines. And in 2018, he imposes taxes of 25% on imported steel and 10% on aluminum imports on national security grounds, escalating tensions with other trading partners. He also uses the threat of more tariffs to force Canada and Mexico to renegotiate a North American trade pact, called the U.S.-Mexico-Canada Agreement, in 2020.