Trump’s China Tariffs Yield $150 Billion

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Tariffs placed on Chinese imports by President Donald Trump have pulled in over $150 billion over the past 50 months, according to data from U.S. Customs and Border Protection (CBP).

Trump imposed the tariffs on $350 billion worth of imports in 2018 and 2019 in retaliation for China’s abusive trade practices, including throttling American companies’ access to Chinese markets, forced technology transfer, theft of U.S. intellectual property, and currency manipulation.

The tariffs somewhat depress demand for Chinese goods by making them more expensive. Some of the burden is also born by the sellers forced to reduce prices. China responded by imposing tariffs on U.S. goods which seemed to depress U.S.–China exports in 2019. Exports have bounced back up in 2020 and increased an additional 20 percent last year.

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