Forbes counts the costs of Trump, Biden tariffs

BTN News

Tuesday, 02 July 2024

Forbes reports six US airports and five seaports alone have seen their imports from China drop by more than US$1 billion this year compared to the beginning of the US-China trade war in 2018, when US tariffs on Chinese imports soared.

The overall decline in Chinese imports has been US$31.89 billion, equal to 19.79 per cent. 

By comparison, US imports globally have increased 27.91 per cent to more than US$225.48 billion.