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The world's two largest economies, the United States and China, have engaged in a trade battle that could have unexpected side effects on the global economy.
Washington has applied tariffs on goods imported from China. Beijing reacted by approving new rates for a similar amount.
In total, about 800 Chinese products, ranging from heaters to industrial robots and others. will be entitled to 25% when it will be imported to the United States .
Similarly, China has set a rate of 25% on a range of products from the United States. United, soybean oil.
But what do the data tell us about the current trade conflict?
1. Back to 1970
When Donald Trump became President of the United States, he promised to make the country "even bigger". Part of that plan was to radically change the way trade deals work with other countries and protect the national economy.
BBC In the year 1900, tariffs accounted for about 30% of the total value of US imports At that time, the country was trying to reduce the amount of US imports. entry of foreign goods and develop its young industrial sector.
The new tariffs will restore the country to a level of protectionism never seen since the 1970s when the average tariff was 6.5%.
In 2016, average tariffs were 1.5%, the lowest level since independence in 1776. [19659009] 2. Bridging the trade deficit
With these new protectionist policies, l & # Trump's main goal is to reduce the inflow of Chinese imports and encourage Americans to buy more products made in the country.
BBC The president believes that it is the best way to bridge the trade deficit with China, which currently stands at 375 billion US dollars.
It has increased significantly since 2001, when China joined the World Trade Organization. and has begun to significantly improve its position and relationships with much of the world.
3. Jobs at risk
There is concern that tariffs will also affect jobs in the United States
BBC The Commercial Partnership a business of the United States economic research, note that the impact will be worse than originally expected with some 400,000 jobs affected
Manufacturing companies that use metal, electrical components and building materials will have to pay more for their raw materials and, perhaps, charge more for their work or reduce jobs.
This will depend on the high tariffs and their expansion into other countries such as Canada, Mexico and the European Union. 19659009] 4. How much damage to the trade?
Since last March, both governments have published (and canceled) reports and lists of what they will do
BBC Up to Currently, only tariffs for Trump have threatened new tariffs
. In addition to those that came into effect this Friday, and in response to China's retaliation in June, the US president has ordered tariffs worth $ 3,000 million. 200 000 million US dollars and threatened to impose others for similar value.
5. Which products are concerned?
The list of goods to be affected by the tariffs has been updated several times by the two governments.
BBC Agricultural products and mechanical parts for the energy sector, while the United States it targets a large number of industrial products.
6. To what extent can trade conflict be dangerous?
Trump's commercial war could potentially affect products of other US trading partners
could also cause a chain reaction as countries begin to take action against their partners, who can act in retaliation.
US Census Bureau data. they show how the country's economy is heavily dependent on imports.
Since 1992, China has played an extremely important role in US trade.
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