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.

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 April 9, 2025, the U.S. imposed high import tariffs on Chinese goods. Average U.S. tariffs on imports from China reached ***** percent on April 10, 2025. In comparison, import levies on exports from the rest of the world were at around **** percent. In response to increased U.S. tariffs, China imposed retaliatory levies, averaging ***** percent as of April 12, 2025. After trade talks, the U.S. and China agreed to temporarily lower mutual trade barriers, leading to average U.S. tariffs of **** percent and average Chinese tariffs of **** percent on May 14, 2025.

The Trump administration's unprecedented tariffs are accelerating US-China decoupling, compelling business leaders to rethink strategies after decades of established trade norms.

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, **** percent of the surveyed American companies in China in automotive industry responded that their businesses were impacted by the proposed 200 billion U.S. dollars tariffs imposed by the U.S. on Chinese imports.

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.

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, 64.6 percent of the surveyed American companies in China said that they had no plans to relocate their manufacturing facilities due to the U.S.-China trade tariffs and trade relations, however, 18.5 percent of the companies reported to have relocated or considering relocating their manufacturing facilities to Southeast Asia.

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.

Learn how rising US-China trade tariffs are affecting the apparel industry, with brands like Eastside Golf adjusting strategies to mitigate cost increases.

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.

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.

US Tariff Impact on Market

The US tariff policies have significantly impacted the global trade management market, leading to both opportunities and challenges for businesses. In particular, tariffs on imported goods have increased the complexity of managing cross-border trade, requiring businesses to implement more sophisticated trade management solutions.

As companies face rising costs due to tariffs, the demand for trade management systems that help optimize customs compliance, minimize duties, and streamline logistics has surged. Furthermore, sectors such as manufacturing, retail, and transportation have felt the brunt of these tariffs, with industries directly impacted by increased trade barriers.

➤➤➤ Get More Insights about US Tariff Impact Analysis @ https://market.us/report/trade-management-market/free-sample/

For example, the retail sector has seen a rise in goods costs, ultimately affecting margins. The US tariff impact on sectors like manufacturing and retail is approximately 10-15% as they deal with higher raw material costs and inventory disruptions. Companies now look for more automation and integrated solutions to mitigate these costs and streamline operations.

➤ Economic Impact

The US tariffs have led to an increased cost of imports, pushing businesses to adopt more efficient trade management systems. As tariffs increase, businesses are forced to reevaluate their supply chain strategies, leading to higher operational costs. In the long term, this could prompt global shifts in trade flows.

➤ Geographical Impact

US tariffs have disproportionately affected countries with high trade volumes with the US, especially China, Mexico, and Canada. As tariffs increase, businesses in these regions must adapt to higher costs and potential disruptions. This shift influences regional trade agreements and the movement of goods, altering global trade dynamics.

➤ Business Impact

US tariffs have forced businesses to invest in advanced trade management technologies to mitigate the effects of increased import duties and logistical delays. Companies are now focusing on automation, compliance optimization, and cost-effective solutions to navigate the growing complexities of international trade. Small and medium-sized enterprises face considerable challenges.

Discover the potential effects of China's new tariffs on US soybean exports, as shipments race against the clock to reach their destination before the additional duties are enforced.

In response to President Trump’s escalation of trade relations, China countered by issuing tariffs on over 6,000 products worth over $110 billion in U.S. exports. We explore whether China’s tariffs reflected a strategy to apply counter-pressure by hurting political support for Republicans, assess the strategy’s impact on the 2018 mid-term elections, and examine the mechanism underlying the resulting electoral shift. We find strong evidence that Chinese tariffs systematically targeted U.S. goods whose production is concentrated in Republican-supporting counties, particularly when located in closely contested Congressional districts. This apparent strategy was successful: targeted areas were more likely to turn against Republican candidates. Using data on campaign communications, local search patterns online and an original national survey, we find evidence that voters residing in areas vulnerable to the tariffs were more likely to learn about the trade war, recognize its adverse impact, and assign the Republicans responsibility for the escalating situation.

Nike's stock surged over 7% after U.S.-China announced tariff reductions. Key technical levels suggest bullish momentum, with potential resistance at $63 and support at $59.

Gold prices soared over 3% amid escalating US-China trade tensions, driven by new tariffs and market volatility. The precious metal continues to be a top-performing investment, bolstered by strong safe-haven demand and central bank buying.

We measure the tariff shocks by matching the U.S. products of Section 301 Tariffs with China provincial customs export data in 2017, the year before the trade war.First, based on the tariffed product lists released by the Office of the United States Trade Representative (USTR), which specify products at the Harmonized Tariff Schedule (HTS) eight-digit code level, we calculate the proportion of tariffed product categories under each six-digit HTS code. For instance, under the U.S. HTS-6 code 6309.29 (tents of other textile material), the corresponding sub-code includes 6306.29.11 (tents of cotton) and 6306.29.21 (tents made of other materials), with only 6306.29.11 being subject to additional tariffs. Thus, the tariffed rate for HTS code 6309.29 is 50%.Second, since the HTS-6 codes are consistent under the Harmonized System (HS) across countries, we estimate the scale of Chinese export affected by the trade war by multiplying the export data of HS-6 products by the corresponding HTS-6 tariffed rate.Third, we further adjust for provincial differences by dividing each province’s tariff-affected export scale by its total export scale.Fourth, the intensity of tariffs varied across the four rounds of the trade war. In the first three rounds, listed products were subjected to a 25% tariff, whereas the fourth round, while covering nearly all remaining U.S.-bound exports, had a lower tariff rate (7.5%), following the signing of the “Phase One” trade agreement between China and the U.S. in January 2020. To account for these differences, we assign a weight of 0.25 to the first three rounds and a weight of 0.075 to the fourth round. The weighted sum serves as a proxy variable for the provincial exposure of the U.S.-China trade war.

Introduction

The global semiconductor industry is currently facing significant challenges due to the imposition of tariffs, which have disrupted supply chains and increased production costs. These tariffs, particularly those introduced by the U.S. administration, have led to a reevaluation of manufacturing strategies across the sector. In 2025, the United States imposed tariffs of up to 145% on Chinese semiconductor imports, prompting retaliatory tariffs of 125% from China. These measures have significantly strained the global semiconductor supply chain, leading to increased costs and uncertainties for manufacturers and consumers alike.

For instance, Advanced Micro Devices (AMD) has projected a revenue impact of $1.5 billion in 2025 due to new U.S. export restrictions on advanced AI chip shipments to China, a market that accounts for over 24% of AMD's revenue. Similarly, the German chip-equipment maker Suss MicroTec has warned that new U.S. tariffs could severely disrupt global semiconductor supply chains and potentially trigger a worldwide recession. These developments underscore the far-reaching implications of trade policies on the semiconductor industry, affecting not only corporate revenues but also the broader global economy.

Around 30% of businesses are currently adopting a wait-and-watch approach toward the ongoing uncertainty surrounding semiconductor tariffs. This cautious stance reflects growing concerns over supply chain unpredictability. In contrast, before the introduction of the Trump-era tariffs, nearly 61% of companies had already started reshaping their procurement strategies, actively exploring alternative suppliers. This shift was largely driven by heightened geopolitical tensions, evolving global trade policies, and new market barriers, all of which increased the complexity of international semiconductor trade. Businesses now demand greater transparency to make informed decisions in this rapidly changing environment.

In May 2025, *** percent of China's exports to the United States were affected by the U.S. punitive tariffs. On May 14, 2025, the average level of tariffs on Chinese goods announced by U.S. President Donald Trump ranged at **** percent.

The US-China trade war intensifies as China imposes a 125% tariff on $140.7 billion of American exports, threatening jobs and economic stability.