Key events in Trump's China trade talks
Posted December 1, 2019 8:01 a.m. EST
CNN — After meeting for dinner in December 2018 on the sidelines of a major international summit in Argentina, President Donald Trump and Chinese leader Xi Jinping raised the prospect of an imminent deal to end their tit-for-tat trade war.
The two sides have yet to reach an agreement. Here's a timeline of key events in the talks:
December 1, 2018: Trump and Xi, joined by top aides, agree to a temporary truce on tariffs and what the White House says is a 90-day round of negotiations toward a comprehensive deal.
December 4, 2018: With Beijing declining to confirm the 90-day clock, Trump tweets that, while he remains optimistic about talks, he is still prepared to raise tariffs if no deal is reached: "I am a Tariff Man." Markets tank.
December 5, 2018: Chinese officials and Trump move to reassure investors by sending positive signals about the talks.
January 7, 2019: US negotiators head to Beijing for a first round of face-to-face talks despite the partial shutdown of the federal government back in Washington.
January 30-31, 2019: China's top negotiator, Vice Premier Liu He, visits Washington for further talks. Trump sends mixed messages, saying talks are progressing "well" but that a final deal would only be made directly between Xi and him.
February 15, 2019: Another round of talks in Beijing closes with Xi meeting briefly with US negotiators, including Treasury Secretary Steven Mnuchin, who calls the meetings "productive" in a tweet. Later, White House press secretary Sarah Sanders says in a statement "much work remains."
February 22, 2019: With the 90-day deadline approaching, Trump meets with Liu and US Trade Representative Robert Lighthizer in the Oval Office -- and engages in an extraordinary public confrontation with Lighthizer over calling the proposed deal a "memorandum of understanding."
February 24, 2019: Trump tweets that he will not move ahead with tariffs on March 1 as talks continue. He offers to host a signing summit at his Mar-a-Lago resort in Florida, where he had hosted Xi in 2017.
March 20, 2019: Trump signals that he intends to leave existing tariffs in place even if a deal is signed, in order to retain leverage over Beijing.
April 1, 2019: Amid renewed negotiations, Beijing announces a move to control the manufacturing and distribution of fentanyl-related substances -- a key Trump priority.
May 5, 2019: Ahead of a planned visit by Chinese negotiators to Washington, Trump reactivates his threat to escalate tariffs as originally promised before trade talks kicked off in December.
May 6, 2019: Lighthizer and Mnuchin confirm plans the US will move forward with the President's threat to escalate tariffs on $200 billion of Chinese goods set to go effect on May 10, after claiming Beijing officials had reneged on prior commitments.
May 8, 2019: China threatens to retaliate, but moves ahead with sending a delegation to Washington.
May 9-10: Lighthizer, Mnuchin and Liu hold talks and a working dinner.
May 10, 2019: US raises tariffs from 10% to 25% on $200 billion in Chinese goods after the talks end without an agreement. US officials formally open the door to adding new tariffs to another $300 billion in goods -- "essentially all remaining imports from China," including consumer items like toys and electronics left out of the initial tariff round.
May 13, 2019: Beijing strikes back, hiking tariffs to 25% on $60 billion in US exports, including cotton, machinery, grains and aircraft parts.
June 18, 2019: Trump announces that negotiations are resuming, and says he spoke with Xi and agreed to hold talks at the G20 meeting in Osaka, Japan. Months later, CNN reports that Trump told Xi he would stay quiet on Hong Kong protests, and also discussed his 2020 Democratic rivals Joe Biden and Elizabeth Warren.
June 28, 2019: Trump meets with Xi. At a news conference the next day, Trump says he promised not to raise tariffs further, and said negotiators would pick up "where we left off" before the tariff escalation in May.
July 30, 2019: Mnuchin and Lighthizer wrap up discussions in Shanghai and agree to continue talks in early September.
August 1, 2019: Trump announces in a tweet that he will impose a 10% tariff on $300 billion in remaining Chinese imports starting September 1.
August 5, 2019: China retaliates by halting purchases of US agricultural goods, citing "serious violation of the consensus reached by the two countries' leaders in Osaka." The same day, the US Treasury Department formally labels China a currency manipulator, after Trump tweets that Beijing has used depreciation to "steal our business and factories."
August 13, 2019: After Lighthizer, Mnuchin and Liu agree in a call to restart negotiations in September, Trump agrees to delay imposing new tariffs on some consumer goods until December 15 -- a move that also relieves concerns about depressing consumer spending heading into the holiday season.
August 23, 2019: Beijing unveils a new round of tariffs of up to 10% on $75 billion in US goods -- including whiskey -- and announces plans to reimpose tariffs on US autos and parts starting December 15. Trump responds with a threat to raise tariffs to 30% from 25% on Chinese goods already being taxed, and to bump up his planned tariff on consumer goods from 10% to 15%.
August 26, 2019: Trump indicates a resumption of talks, claiming in a news conference at the G7 summit in France that Mnuchin had "many calls" concerning China. China's Foreign Ministry declines to confirm any such calls, and Mnuchin describes "communications" rather than calls.
September 1, 2019: Fresh tariffs go into effect from both sides, hitting Chinese-made consumer goods coming into the US and some US products entering China.
September 5, 2019: The US and China agree to resume talks in early October after a phone call among Liu, Lighthizer and Mnuchin.
September 11, 2019: Beijing exempts some US goods -- including shrimp and cancer drugs -- from tariffs, and Trump pushes back his threatened tariff hike on Chinese goods already being taxed from October 1 to October 15.
September 13, 2019: Beijing adds US soybeans and pork to its exempted list.
September 19-20, 2019: Chinese negotiators visit Washington, and agree to plans for high-level meetings to resume in October -- but cancel a planned visit to farmers in Montana and Nebraska. Mnuchin later appears to surprise Trump when he says the cancellation came at the request of US officials.
October 11, 2019: In an Oval Office appearance alongside Liu, Trump announces a "very substantial phase one deal" -- then says it will take three to five weeks to get it finalized on paper and suggests he will meet Xi at the Asia-Pacific Economic Cooperation Summit scheduled for mid-November in Chile. He says he will cancel a planned tariff increase to 30% for some goods.
October 30, 2019: Chile cancels APEC summit amid violent protests. There's no backup site.
November 8, 2019: Trump throws cold water on comments from China's Foreign Ministry about tariff rollbacks, telling reporters: "I haven't agreed to anything."
November 22, 2019: Xi says in Beijing that he hopes to work out an agreement based on "mutual respect and equality." Trump says in a "Fox & Friends" interview that the US and China have a deal "potentially very close."