Tariff rate, applied, weighted mean, all products (%) in China was reported at 2.18 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Tariff rate, applied, weighted mean, all products - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

The US-China trade war created net export opportunities rather than simply shifting trade across destinations. Many “bystander” countries grew their exports of taxed products into the rest of the world (excluding US and China). Country-specific components of tariff elasticities, rather than specialization patterns, drove large cross-country variation in export growth of tariff-exposed products. The elasticities of exports to US-China tariffs identify whether a country’s exports complement or substitute US or China and its supply curve’s slope. Countries that operate along downward-sloping supplies whose exports substitute (complement) US and China are among the larger (smaller) beneficiaries of the trade war.

On September 1, 2019, China imposed additional tariffs on ** 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.

Graph and download economic data for U.S. Imports of Goods by Customs Basis from China (IMPCH) from Jan 1985 to May 2025 about imports, China, goods, and USA.

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 2018 US-China Trade Conflict after 40 Years of Special Protection, PIIE Working paper 19-7.

If you use the data, please cite as: Bown, Chad P. (2019). The 2018 US-China Trade Conflict after 40 Years of Special Protection. PIIE Working paper 19-7. Peterson Institute for International Economics.

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.

China recorded a trade surplus of 114.77 USD Billion in June of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

This graph illustrates the percentage of U.S. steel imports from selected countries that are predicted to become subject to trade laws if the Trump administration follows through on its "100 day" action plan as of 2017. In this scenario, the percentage of U.S. steel imports from China covered by such trade restrictions is expected to amount to about 1.3 percent. Previously, the United States had already put a stop to a large part of the potential steel imports from China through antidumping trade restrictions. Across all industries, some 9.2 percent of Chinese exports to the United States were subject to barriers such as antidumping and countervailing duties as of 2016.

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 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 ***** billion U.S. dollars.

Global Bulk Carrier Ships market size was $374.24 Billion in 2022 and it is forecasted to reach $412.36 Billion by 2030. Bulk Carrier Ships Industry's Compound Annual Growth Rate will be 4.4% from 2023 to 2030. Factors Impacting on Bulk Carrier Ships Market

Rise in international trading

Trading and transportation across the borders have dramatically increased over the past few decades. Moreover, recent couple of decades have seen mounted growth in world economy. This trade growth is an ultimate result of both technological advancements and reduction in trade barriers. Almost every country is aggressively promoting economic development which is driving world trade to significantly grow every year with an average growth of 6%. International trade allows countries to expand their markets by providing goods and services to other countries. It thus allows countries to extend their markets and get access to items and services that are otherwise be unavailable in their home country. International commerce also leads to the increasing competitiveness. This integration thus helps in raising living standards across the world. Import, export, and entrepot activities are used in international trade. Currently, technological innovation, increased need for a variety of items, and rising desire for authentic products are all driving up international commercial activity. Bulk carrier ships play vital role in supply chain by carrying cargo across oceans linking borders across the globe. It is one of the most cost-effective ways to transfer large amounts of commodities throughout the world. Shipping and seaborne trade have enabled the transition from a world of separated territories to a globally linked community. Hence surging international trade drives the growth of bulk carrier’s market across the globe.

Restraining Factor of Bulk Carrier Ships market

Volatility in transportation cost and tensions in trade across borders may hamper the growth of market Volatility in the prices of fuels impacts pricing of the goods. Further, in case of global rise in the tariffs, high import prices hamper firm's production costs as well as purchasing power of customers. Further, stringent regulations, such as tracking orders, meeting promised timeline, determining liabilities, etc. associated with shipping goods across borders may hinder the growth of market. Moreover, unstable political parameters of any particular country also hamper the cargo shipping market. For instance, Russia-Ukraine war has impacted the shipping industry owing to the rise in the oil prices. Furthermore, ongoing U.S.-China tariff stand-off is also threatening trading across the borders. Hence, geopolitical crisis somehow hinders the growth of bulk carriers ships market.

Current Trends on Bulk Carrier Ships

Technological Improvement

Demand for coal, ores and cement has increased owing to the liberalization in global trade. This demand will keep on increasing and to meet the growing demand, developments have been made to offer solutions that can enable reduction in the transportation cost. Moreover, rise in the environment concern is aiming to reduce the impact of CO2 emissions from ships on marine culture by reducing the fuel consumption. Hence, new regulations have made in designing smaller ship size bulk carrier ship with engines meeting the demand for lower rpm in order to obtain an optimum ship design with highly efficient large propellers.

What is the impact of COVID-19 pandemic on Bulk Carrier Ships Market?

Advent of COVID-19 in year 2020 has plunged international trade due to the reduction in production and distribution of goods. Initial period of pandemic has resulted in the double-digit decline of revenue from bulk carrier ship market. However, the second half of pandemic global trade started recovering at relatively faster pace facilitating a V-shaped graph. What are Bulk Carrier Ships?

Carrier ships are the integral link between the production and its consumption all across the globe. It thus plays very crucial part in connecting global economy. It has been estimated that almost 80% of global goods gets transported across oceans via ships. Though air freight is less time consuming, but the cost associated with it is too high in comparison to carrier ships. Further, carrier shipping allows heavy loads, as well as hazardous materials which brings flexibility in tra...

The United States recorded a trade deficit of 71.52 USD Billion in May of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The U.S. goods trade deficit with China increased by nearly ** billion U.S. dollars in 2024, as China still had the biggest impact on U.S. bilateral trade. This is according to seasonally adjusted trade date from within the United States. Following the results of the U.S. elections in 2024, discussions surfaced on the potential of tariffs for countries that have a large trade surplus with the United States. The president-elect stated that trade tariffs of ** percent and ** percent might be implemented for goods from China or Mexico, respectively. The effects of such measures on the forecast GDP growth across the world were not yet clear. In Europe, however, Germany might be the most affected economy when the U.S. does implement tariffs.

The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

In 2024, Mexico was the top trading partner of the United States based on import value. In that year, U.S. imports from Mexico totaled to 505.85 billion U.S. dollars. China and Canada rounded out the top three as these countries continue to enjoy a close trading relationship under the United States-Mexico-Canada trade agreement. Germany and Japan were also high on the list, both providing the U.S. with over 140 billion dollars worth of imports in 2024.

The United States imported about 4.8 million metric tons of aluminum for consumption in 2024. Meanwhile, the apparent consumption of aluminum totaled about 4.3 million metric tons. Canada is one of the largest aluminum exporters to the United States. A large majority of Canada’s primary aluminum is exported to the United States as an important part for the United States’ manufacturing industries. Aluminum consumption Aluminum, also spelled aluminium in British English, is one of the most consumed metals in the world. The demand for aluminum continues to grow as consumers turn to technological solutions for a variety of needs such as more efficient vehicles or sustainable packaging. Aluminum tariffs In 2018, a 10 percent tariff on aluminum imports into the United States was established under the Trade Expansion Act of 1962. In response, China imposed a 25 percent tariff on aluminum scrap imports from the United States. The United States lifted sanctions on one of the largest aluminum manufacturers in Russia, Russal, in 2019. China and Russia are two of the three largest producers of aluminum in the world.