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What started the US and China trade war?
China will grant tariff exemptions for US imports
FOX Business’ Susan Li says this exemption will apply to 700 products, which will be good for U.S. farmers and manufacturers.
The roots of President Trump's trade war with China can be traced to his 2016 presidential campaign, when then-candidate Trump blasted U.S.-China trade policy and said he'd use tariffs to reduce the U.S. trade deficit.
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Since then, the U.S. and China have progressed from failed talks to a tit-for-tat tariff battle that came to a halt with the signing of the "phase one" trade deal on Jan. 15.
U.S., CHINA SIGN HISTORIC TRADE DEAL
Trump focused on U.S.-China trade on the 2016 campaign trail.
"We can't continue to allow China to rape our country," Trump said in May 2016 after the trade deficit reached $365.7 billion in 2015, a record high at the time.