Trade war, also known as "commercial war", refers to a series of retaliatory and anti-retaliatory measures initiated by some countries to restrict other countries' goods from entering their own markets by erecting tariff barriers and non-tariff barriers, and at the same time to compete for foreign markets through dumping and foreign exchange depreciation. 2065438+February 20, 2008, 65438+2008, Trade War was selected as the top ten economic buzzwords in 2065438+2008.

2065438+On March 22, 2008, US President Trump signed a presidential memorandum at the White House to impose tariffs on China's products exported to the United States; 2065438+On March 23, 2008, the Ministry of Commerce of China issued a list of products for which the "232 Measures" were suspended for American steel and aluminum products, and it was planned to impose tariffs on some products imported from the United States.

20 19,65438 on may 3rd, according to the foreign trade law of People's Republic of China (PRC), the regulations on import and export tariffs of People's Republic of China (PRC) and other laws and regulations and the basic principles of international law, with the approval of the CPC central Committee and the State Council, the customs tariff commission of the State Council decided to continue to levy a 5% tariff on the tax items originally levied at 0: 00 on June19.