According to estimates, if President Trump's proposed tariffs go into effect permanently, the United States' GDP would decrease by 0.4 percent. Of this, 0.3 percent would be from the 25 percent tariff on all imports from Canada and Mexico, while 0.1 percent would be from the 10 percent tariff on all imports from China. As of February 10, China imposed retaliatory tariffs on the United States, with a 15 percent tariff on coal and liquid natural gas, and a 10 percent tariff on other exports, including oil, machinery, and large motor vehicles.
This data package includes the underlying data files to replicate the data, tables, and charts presented in Why Trump’s tariff proposals would harm working Americans, PIIE Policy Brief 24-1.
If you use the data, please cite as: Clausing, Kimberly, and Mary E. Lovely. 2024. Why Trump’s tariff proposals would harm working Americans. PIIE Policy Brief 24-1. Washington, DC: Peterson Institute for International Economics.
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President Trump reveals that China will resume rare earth exports to the U.S., signaling a potential thaw in trade tensions and benefiting U.S. manufacturing.
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Discuss Trump's domestic and foreign economic and trade policies, focusing on tax cuts, immigration, energy, infrastructure, and other policies in the domestic policy aspect; foreign policies include economic and trade tools, multilateral and bilateral trade strategies, manufacturing relocations, and related policies that Trump may adopt. Second, observe the interactions and economic and trade situations between the United States and countries such as China, Russia, Japan, and South Korea, and select important issues for analysis. Third, comprehensively analyze the current situation and future development trends of regional economic integration such as TPP and AEC based on the content of the above chapters. Finally, evaluate the overall situation of the Asia-Pacific economic and trade situation under Trump's new policy, as well as the observation of the interactions between the United States and various countries in the Asia-Pacific region, and assess the possible impact on our country.
This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in Protectionism under Trump: The China Shock, Intolerance, and the "First White President", PIIE Working Paper 19-10. If you use the data, please cite as: Noland, Marcus. (2019). Protectionism under Trump: The China Shock, Intolerance, and the "First White President". PIIE Working Paper 19-10. Peterson Institute for International Economics.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Gold prices dropped for the second day due to easing market concerns after Trump's remarks on China and the Fed, though gold remains over 25% up this year.
In 2024, Chinese exports of trade goods to the United States amounted to about 438.95 billion U.S. dollars; a significant increase from 1985 levels, when imports from China amounted to about 3.86 billion U.S. dollars. U.S. exports to China Compared to U.S. imports from China, the value of U.S. exports to China in 2020 amounted to 427.23billion U.S. dollars. China is the United States’ largest trading partner, while China was the United States third largest goods export market. Some of the leading exports to China in the agricultural sector included soybeans, cotton, and pork products. Texas was the leading state that exported to China in 2020 based on total value of goods exports, at 16.9 billion U.S. dollars. U.S. - China trade war The trade war between the United States and China is an economic conflict between two of the world’s largest national economies. It started in 2018 when U.S. President Donald Trump started putting tariffs and trade barriers on China, with the intent to get China to conform to Trump’s wishes. President Trump claimed that China has unfair trade businesses. As a result of this trade war, it has caused a lot of tension between the U.S. and China. Nearly half of American companies impacted by the U.S.-China trade tariffs said that the trade war increased their cost of manufacturing. The healthcare product industry has suffered the most from the trade war in regards to reduced profits.
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License information was derived automatically
PC shipments surged 9.4% in Q1 2025 as manufacturers rushed deliveries to the U.S. before Trump's tariffs, per Canalys. Lenovo and HP led the increase.
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Oil prices dropped over 2% amid Wall Street turbulence following President Trump's tariff threats on China, affecting global market stability.
Replication data for article - "Can economic interests trump ethnic hostility? Trading ties versus outgroup hostility in Australian perceptions of China as a security threat" - forthcoming in International Relations of the Asia-Pacific
This data package includes the underlying data files to replicate the data and charts presented in Economic implications of revoking China's permanent normal trade relations (PNTR) status by Megan Hogan, Warwick J. McKibbin, and Marcus Noland, PIIE Policy Brief 24-9.
If you use the data, please cite as: Hogan, Megan, Warwick J. McKibbin, and Marcus Noland. 2024. Economic implications of revoking China's permanent normal trade relations (PNTR) status, PIIE Policy Brief 24-9. Washington, DC: Peterson Institute for International Economics.
The Global Economic Policy Uncertainty (GEPU) index was at its highest in May 2020, when the COVID-19 pandemic brought global economic uncertainty. The index was also **** after the Russian invasion of Ukraine in February 2022. Moreover, the index rose sharply in November 2024 after Donald Trump was re-elected as President of the United States. Trump promised to impose trade tariffs against a range of countries, and did so against Canada, Mexico, and China in February 2024. The GEPU index is constructed by measuring how often the leading newspapers mention economic policy uncertainty in their articles.
President Trump's proposals to impose universal tariffs as well as tariffs on Chinese, Canadian, and Mexican imports would considerably increase the average tariff rate. It's estimated that, if put into effect, the average tariff rate including dutiable imports would reach almost 18 percent, up from two percent in 2024. Tariff rates are higher when dutiable imports are included because they refer only to goods that are actually subject to tariffs, rather than all imports. This skews the average tariff rate upward because it excludes duty-free goods. Trump's proposal for a universal 10 percent tariff on all imports would impose a flat tax on all imports, rather than just dutiable goods. This would result in a sharp increase in the overall tariff burden because previously duty-free goods would be taxed.
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According to estimates, if President Trump's proposed tariffs go into effect permanently, the United States' GDP would decrease by 0.4 percent. Of this, 0.3 percent would be from the 25 percent tariff on all imports from Canada and Mexico, while 0.1 percent would be from the 10 percent tariff on all imports from China. As of February 10, China imposed retaliatory tariffs on the United States, with a 15 percent tariff on coal and liquid natural gas, and a 10 percent tariff on other exports, including oil, machinery, and large motor vehicles.