The 2018 China–United States trade dispute began after U.S. President Donald Trump announced on 22 March 2018, an intention to impose tariffs of US$50 billion on Chinese goods under Section 301 of the Trade Act of 1974, citing a history of "unfair trade practices" and theft of intellectual property.[1][2] In retaliation, the Chinese government imposed tariffs of their own on over 128 U.S. products, including most notably soybeans, a major U.S. export to China.[3][4]