Donald Trump launched a trade war with China. On 6 July 2018 he placed 25% tariffs on $34 billion of imports from China and on 23 August 2018 he placed 25% tariffs on an additional $16 billion of imports. On 24 September 2019 he added 10% tariffs on $200 billion of imports and in 2019 and 2020 added tariffs on an additional $300 billion of imports. Chad Bown and Melina Kolb provided a detailed timeline of the trade war (https://www.piie.com/blogs/trade-investment-policy-watch/trump-trade-war-china-date-guide ). President Biden has left the tariffs in place.Econbrowser
How do tariffs affect China’s exports?
Guest Contribution: “How Tariffs Affect China’s Exports”
Willem Thorbecke, Senior Fellow at Japan’s Research Institute of Economy, Trade and Industry (RIETI)
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