The situation has only intensified in the following weeks: The U.S. imposed tariffs on numerous imported Chinese goods, which China answered with tariffs on 128 U.S. products, including everything from fruit to meat to nuts.
The inclusion of soya beans on China's list of tariff-hit products is seen by many as a bold move.
But some people may be wondering - what is a tariff and what does all this mean for everyday Americans?
And if a trade war between the USA and China were to escalate, more jobs could be on the line, said Allen. Eleven hours later, China responded by imposing $50 bn in tariffs on 106 American products.
Why is Trump issuing tariffs on China? The U.S. buys $506 billion worth of goods from China but only exports $130 billion, leaving a trade deficit of $375 billion between the two countries. Also at risk are foreign firms that produce in the U.S. Germany-based BMW sends 89,000 vehicles annually from the U.S.to China, the Associated Press reported, while Daimler AG's Mercedes-Benz ships 65,000.
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He can be seen tossing trash cans and being prevented from throwing a barricade at a bus during his unannounced appearance in NY . However, ABC News reported on Thursday that NY police are still investigating the incident and have not issued a warrant yet.
Meanwhile, the nationalist Global Times said in an editorial published late on Thursday that the "Chinese are aware that the only option now is to hit the United States hard enough so that it will remember the pain".
Although it is not certain, whether #Donald Trump will actually slap on further tariffs, the Chinese administration has made it clear that it is not afraid of a #Trade War.
"If the United States side disregards opposition from China and the global community and insists on carrying out unilateralism and trade protectionism, the Chinese side will take them on until the end at any cost", the Ministry of Commerce said in a statement on its website.
U.S. President Donald Trump said on Friday the United States has already lost any trade war, as he defended his proposed tariffs against Chinese goods, saying the move might cause "a little pain" but the United States will be better off in the long run.