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.

According to estimates, 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. If Trump's proposals go into effect, it is estimated that the average tariff rate of all imports would almost triple, marking the highest rate in the United States since 1969.

Tariff rate, most favored nation, weighted mean, all products (%) in China was reported at 3.12 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Tariff rate, most favored nation, weighted mean, all products - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Hong Kong HK: Tariff Rate: Most Favored Nation: Simple Mean: All Products data was reported at 0.000 % in 2016. This stayed constant from the previous number of 0.000 % for 2015. Hong Kong HK: Tariff Rate: Most Favored Nation: Simple Mean: All Products data is updated yearly, averaging 0.000 % from Dec 1988 (Median) to 2016, with 22 observations. Hong Kong HK: Tariff Rate: Most Favored Nation: Simple Mean: All Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong – Table HK.World Bank: Trade Tariffs. Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups.; ; World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrated Data Base (IDB) and Consolidated Tariff Schedules (CTS) database.; ;

Tariff rate, most favored nation, simple mean, primary products (%) in China was reported at 9.8 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Tariff rate, most favored nation, simple mean, primary products - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

On September 1, 2019, the United States imposed import tariffs on 112 billion U.S. dollars worth of Chinese goods, such as footwear, food products, and some home electronics. A trade war between the world's two largest economies was initiated by president Trump in mid-2018 and escalated further throughout 2019.

On September 1, 2019, China imposed additional tariffs on 75 billion U.S. dollars worth of the U.S. import goods. A trade war between the world's two largest economies was initiated by president Trump in mid-2018 and escalated further throughout 2019.

Americans' understanding of tariffs appears limited, with only 27 percent feeling very confident about their knowledge of the trade policy tool. This lack of awareness comes at a time when tariffs have become a significant topic in U.S. economic discussions, particularly in relation to international trade relations and domestic industry protection. Potential impact of proposed tariffs Despite the public's uncertainty, proposed tariffs could have far-reaching effects on the U.S. economy. If implemented, certain proposals could increase the average tariff rate on dutiable imports to nearly 18 percent, a substantial rise from the two percent rate in 2024. Such changes would not only affect dutiable goods but also impose taxes on previously duty-free imports, potentially leading to a sharp increase in the overall tariff burden. Estimates suggest that imposing tariffs on Mexico, Canada, and China could increase federal tax revenue by approximately 106 billion U.S. dollars, equivalent to 0.35 percent of the nation's GDP.

Macau MO: Tariff Rate: Applied: Simple Mean: Primary Products data was reported at 0.000 % in 2016. This stayed constant from the previous number of 0.000 % for 2015. Macau MO: Tariff Rate: Applied: Simple Mean: Primary Products data is updated yearly, averaging 0.000 % from Dec 1996 (Median) to 2016, with 21 observations. Macau MO: Tariff Rate: Applied: Simple Mean: Primary Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Macau SAR – Table MO.World Bank.WDI: Trade Tariffs. Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).; ; World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrated Data Base (IDB) and Consolidated Tariff Schedules (CTS) database.; ;

In 2023, Chinese exports of trade goods to the United States amounted to about 427.23 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.

Imports in China increased to 369.43 USD Billion in February from 230.79 USD Billion in December of 2024. This dataset provides - China Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tariffs have long been central tool in global trade policy. Learn how tariffs affect critical US industries, and how businesses are navigating their impacts.

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.

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in The US–China trade war and phase one agreement, PIIE Working Paper 21-2.

If you use the data, please cite as: Bown, Chad P. (2021). The US–China trade war and phase one agreement. PIIE Working Paper 21-2. Peterson Institute for International Economics.

A few duty rates proposed for some of the most affected brands were published in the draft definitive findings of the anti-subsidy investigation into battery-electric vehicle imports from China to the European Union published on August 20, 2024. SAIC is set to have the highest import tariffs, at 36.3 percent. In contrast, Tesla, which manufactures around half of its vehicles in its Shanghai Gigafactory, is expected to have a preferential duty rate below 10 percent.

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around 295.4 billion U.S. dollars.

This statistic shows the results of a survey conducted among American companies in China on the perceived impact on their businesses of the U.S.-China trade tariffs as of September 2018. During the survey period, 47.1 percent of the surveyed American companies in China responded that the combined U.S.-China trade tariffs increased their cost of manufacturing.

The Chinese steel industry faces mounting challenges as new tariffs and trade tensions, enforced by global markets including the U.S., Vietnam, and South Korea, alter the landscape of international steel exports.

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.

Copper prices are under pressure due to US tariffs and Chinese economic risks, with forecasts predicting significant decreases by 2025.