China In The World

To commemorate the 10th anniversary of the China in the World podcast, Carnegie China is launching a series of lookback episodes, using audio clips from previous interviews to put current international issues in context. For the fifth and final episode in this series, the podcast looks back on 10 years of US-China trade relations. US-China trade ties have undergone significant changes since the launch of the China in the World podcast. In March 2012, the United States, the EU, and Japan filed a dispute at the World Trade Organization over China’s quota on exporting rare earth metals. That same year, China’s trade surplus with the U.S. reached an all-time high of $315 billion. In 2015, China became the largest bilateral trade partner of the U.S., surpassing Canada for the first time. In March 2018, the Trump administration announced sweeping tariffs on $50 billion worth of Chinese imports, kicking off the U.S.-China trade war. After bilateral negotiations with Beijing broke down in May 2019, the Trump administ