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 May 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.

Tariff rate, applied, simple mean, all products (%) in China was reported at 5.36 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Tariff rate, applied, simple mean, all products - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

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.

China's energy-storage sector is set for a challenging year with reduced capital spending, price competition, and a need to explore non-US markets.

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.

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.

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

North American graphite producers seek a 920% tariff on Chinese imports to curb China's market dominance and bolster domestic resources for electric vehicles and electronics manufacturing.

With an export share of over 19 percent, the United States had been China's largest trade partner for years, until 2018, when the share fell significantly to 16.7 percent, after the U.S. president, Donald Trump, imposed a 200 percent tariff on goods from China. In 2024, the United States accounted for approximately 14.7 percent of Chinese exports, reaching their lowest level in the last decade.

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.

Report Overview

The industrial robotics services market is experiencing rapid growth and evolution, fueled by technological innovations and shifting industrial needs. These services play a vital role in ensuring the smooth operation, maintenance, and optimization of robotic systems across diverse sectors, driving improvements in both productivity and operational efficiency.

According to Market.us's analysis, The Global Industrial Robotics Services Market is poised for significant growth, projected to reach USD 41.6 billion by 2033, up from USD 22.5 billion in 2023. This surge represents a compound annual growth rate (CAGR) of 6.35% during the forecast period from 2024 to 2033. In 2023, the Asia-Pacific (APAC) region dominated the market, securing a substantial 35.4% share with a revenue of USD 7.9 billion.

Rapid industrialization in the Asia-Pacific, alongside heavy investments in automation technologies, is driving significant market growth. China, Japan, and South Korea are at the forefront, benefiting from strong government support and a solid manufacturing foundation. Ongoing innovations in robotics, including AI integration and IoT connectivity, are key growth drivers, enhancing robots' intelligence and efficiency.

According to Exploding Topics, the Asia-Pacific region commands over one-third of the global robotics industry's revenue, underscoring its dominant role in both production and deployment. Countries such as China, Japan, and South Korea are leading adopters, collectively contributing a major portion of the global robot stock. As of 2023, China alone accounts for 41% of all operating industrial robots, followed by Japan (10.2%), the United States (8.9%), South Korea (8.9%), and Germany (6.3%).

While total unit sales of industrial robots declined slightly by 2.1%, amounting to 541,302 units in 2023, the operational stock grew by 9.7%, reaching 4,281,585 units. This reflects a clear trend toward long-term integration of robotics into existing infrastructures, even amid short-term fluctuations in sales volumes.

The robot-to-human ratio in manufacturing now stands at 1 to 71, and global robot density has risen from 151 to 162 units per 10,000 employees, demonstrating growing automation intensity. South Korea leads globally with a density of 1,012 robots per 10,000 employees, followed by China (470), Germany (429), and Japan (419).

From a corporate investment standpoint, 88% of companies are planning to invest in robotics, while 25% of industrial capital is expected to be allocated to automation in the next five years. This surge in investment is likely to further drive growth in sectors such as automotive, electronics, logistics, and heavy manufacturing.

Key Takeaways

• The Global Power Amplifier Market is expected to reach USD 48.4 billion by 2034.
• Asia-Pacific held 34.8% of the market share in 2024, with China contributing USD 2.01 billion.
• RF Power Amplifiers dominated the market, capturing 67.6% of the share.
• US tariffs could increase production costs, impacting pricing and demand, especially in consumer electronics.

How Tariffs Are Impacting the Economy

Tariffs, particularly those introduced by the U.S. on Chinese imports, have led to rising consumer prices, increased manufacturing costs, and reshuffling of global trade partnerships. As of 2024, over US$550 billion in Chinese goods face U.S. tariffs, which has placed strain on retailers importing electronics, apparel, and consumer goods. Inflationary pressures have risen as businesses pass on increased costs to consumers.

➤ Discover how our research uncovers business opportunities @ https://market.us/report/retail-e-commerce-market/free-sample/

Additionally, retaliatory tariffs from China and other nations have reduced American export competitiveness in key sectors such as agriculture and automotive. Tariffs also influence investor confidence, slowing capital investment and hiring activities. While some domestic industries benefit from reduced foreign competition, overall GDP growth has been marginally impacted. Prolonged tariff uncertainty has hindered long-term planning, especially for small and mid-sized e-commerce businesses dependent on global supply chains.

Snapshot img

Freight Forwarding Market Size 2024-2028

The freight forwarding market size is forecast to increase by USD 47.04 billion at a CAGR of 3.8% between 2023 and 2028. The market is experiencing significant growth due to the wave in international trade and the increasing adoption of advanced technologies such as Information Technology and AI to streamline operations. Freight forwarders serve as intermediaries between shippers and logistics companies, managing the transportation of goods from their origin to the final destination. With the growing complexity of shipping schedules and documentation requirements, the role of freight forwarders has become increasingly important. However, the industry faces challenges such as high fuel and transportation costs, which can impact profitability. To remain competitive, freight forwarders must continually invest in technology and knowledge to improve efficiency and reduce costs.

What will the size of the market be during the forecast period?

Request Free Sample

The freight forwarding market plays a vital role in facilitating successful trade by acting as an intermediary between shippers and transportation providers. Freight forwarders manage the entire transportation plan, handling both import and export processes, ensuring customs clearance, and consolidating freight for cost-friendly shipping. They also work closely with customs brokers to navigate complex regulations and ensure compliance with local and international rules. Export haulage and shipment transits are optimized through efficient coordination, reducing the risk of issues such as stolen goods or delays. A well-executed freight forwarding operation helps shippers streamline their logistics, lowering costs and improving delivery timelines. As global trade expands, the demand for reliable freight forwarding services and its local affiliate network continues to grow, driving innovations and market expansion. Best practices in freight forwarding include effective communication and coordination between all parties involved in the supply chain. This includes negotiating tariffs, understanding customs regulations, and adhering to shipping requirements. The use of information technology can significantly enhance the efficiency and accuracy of these processes.

Further, regulations play a significant role in the market. Carriers and logistics providers must adhere to various rules and guidelines to ensure the safe and secure transfer of goods. Providing clear and concise information to all parties involved in the supply chain can help prevent delays and reduce the risk of damage or loss. This includes providing accurate documentation, such as bills of lading and commercial invoices, as well as keeping all parties informed of any changes to shipping schedules or requirements. Maintaining goods in good condition is another critical aspect of freight forwarding. Proper packaging and handling can help prevent damage during transportation, reducing the risk of claims and delays. It is essential to work with reputable carriers and logistics providers who have a proven track record of handling specific types of goods.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Mode Of Transportation

  Land freight
  Ocean freight
  Air freight


Application

  Industrial and manufacturing
  Retail and E-commerce
  Food and beverages
  Healthcare
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  Middle East and Africa



  South America

    Brazil

By Mode Of Transportation Insights

The land freight segment is estimated to witness significant growth during the forecast period. The land freight segment, which includes road and rail transportation, is a significant part of the freight forwarding market. This segment plays a vital role in enabling the transportation of goods to their final destination, both domestically and internationally. The road freight segment, specifically, is a dynamic and essential component, with goods being transported via trucks, trailers, and other road vehicles. Its flexibility and last-mile connectivity make it a primary choice for transporting a wide range of commodities, such as manufactured goods, consumer products, and raw materials.

Further, the ability of road freight forwarding to reach remote locations and access points unreachable by other modes of transport ensures timely and efficient deliveries, providing a competitive edge in the freight forwarding industry. Information technology plays a crucial role in streamlining logistics processes, including shipping schedules and documentation, for b

China recorded a trade surplus of 103.22 USD Billion in May of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

How Tariffs are Impacting the Economy

Tariffs have a profound impact on the global economy, particularly in the telecom sector, where mobile network infrastructure and services are heavily dependent on cross-border supply chains. In 2024, increased tariffs on telecommunications equipment such as smartphones, network components, and satellite communication systems have elevated operational costs for telecom providers. This is particularly felt in markets like the U.S., where tariffs on Chinese-made telecom equipment have led to higher costs for network expansions and device manufacturing.

➤ Discover how our research uncovers business opportunities @ https://market.us/report/roaming-tariff-market/free-sample/

These additional costs are often passed on to consumers, leading to higher roaming charges, which directly impact both individuals and businesses engaged in international communication. Tariffs also create disruptions in global supply chains, causing delays in the deployment of new roaming services and 5G infrastructure. The increased costs and uncertainties related to tariffs are pushing telecom operators to adjust pricing models, which could affect the competitiveness of roaming tariffs globally.

The U.S. goods trade deficit with China increased by nearly 20 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 60 percent and 25 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.

How Tariffs are Impacting the Economy

Tariffs, particularly those enacted between major economies like the U.S. and China, have introduced significant inflationary pressures and disrupted global trade equilibrium. In 2024, U.S. tariff policies on semiconductors, electronics, and lab equipment components have increased input costs for manufacturers. These tariffs lead to higher import prices, which are often passed down to end users, resulting in reduced consumer spending and capital investment.

➤ Discover how our research uncovers business opportunities @ https://market.us/report/laboratory-information-management-system-market/free-sample/

Moreover, tariffs have caused currency fluctuations and increased market uncertainty, limiting foreign direct investments. Industries reliant on cross-border components—such as biotechnology and healthcare—face reduced margins and delayed project timelines. The broader economy experiences a ripple effect, where employment and production cycles are pressured by fluctuating import-export balances, diminishing overall economic efficiency and competitiveness. For technology-driven markets like LIMS, tariffs hinder the seamless movement of high-tech instruments and software, impacting R&D timelines and laboratory productivity across borders.

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.