Economics
Trump's China Tariffs Are Delivering on One Front, Study Finds
- First $50 billion wave reduces U.S. imports of targeted goods
- But tariffs doing little to lower the trade deficit with China
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President Donald Trump’s tariffs on imports from China continue to attract opposition from economists and much of the business community. They also may be delivering on at least one goal of the administration’s trade wars: reducing imports of targeted products from China.
In a new study, economists at the Institute of International Finance found 25 percent tariffs imposed last summer on a $50 billion list of more than 1,000 products ranging from electric cars to industrial seals and medical imaging machines reduced both the value and volume of those products imported from China.