Impact of US-China trade tariffs

Since mid-2018, the US and China have been locked in a trade confrontation that has resulted in several rounds of retaliatory tariffs.

This topic explores the effects of trade tariffs between the US and China on their economic relations. It looks at how these tariffs impact trade balances, consumer prices, and industries in both nations, along with their broader implications for the global economy.

Source: Fajgelbaum et al. (2023)

Note: Figure reports the set of tariff changes imposed by the US (Panel A) and China (Panel B), by sector. The tariff changes are scaled by time in effect relative to the two-year window. The black dots indicate the median tariff increase, the boxes denote the 25th and 75th percentiles, and the whiskers show the 10th and 90th percentiles.