3min chapter

Money For the Rest of Us cover image

Did the Tariffs Work? The Trade War Five Years Later

Money For the Rest of Us

CHAPTER

The Impact of the Trump Era Tariffs on Chinese Imports

The Biden administration has maintained the Trump era tariffs on Chinese imports and also on steel and aluminum. Exports from the US were $2.4 trillion in 2017, now they're $2.9 trillion because exports have grown less than imports. The overall US trade deficit with China went from 350 billion back in 2017 to 372 billion.

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