Global Trade Today
In 2025, this country remains the U.S.’s top trading partner and a frequent target of U.S. tariffs.
What is China?
When a tariff is imposed, this usually happens to the price consumers pay.
What is that consumer prices rise?
The economic measure calculated as exports minus imports.
What is trade balance
A tax placed on goods as they enter a country.
What is a tariff?
The busiest container port in North America, hit by a 35% cargo drop amid tariff hikes.
What is the Port of Los Angeles?
As tariffs make imports more expensive, consumers often switch to these goods.
What are domestically-made products?
A government-imposed limit on the quantity of a good that can be imported.
What is an import quota?
When a government adds a tariff to imported goods, which group ends up shouldering the extra cost?
What are consumers?
In April 2025, the U.S. pushed tariffs on certain Chinese EV parts up to this rate.
What is 145 percent?
When tariffs go up, the total volume of goods brought in from abroad tends to do this.
What is decrease?
The WTO principle requiring any favorable tariff treatment extended to one member be extended to all.
What is the Most-Favored-Nation principle?
One aim of tariffs is to give this group a price advantage over foreign competitors.
What are domestic producers?
Under Section 301 actions, the U.S. imposed duties on roughly this many billion dollars’ worth of Chinese imports in 2018.
What is 250 billion dollars?
After the U.S. imposed 2018 steel tariffs, domestic steel prices jumped by roughly this percentage.
What is about 25 percent?
A pact between countries to eliminate tariffs on goods traded among them, such as NAFTA or the EU.
What is a Free Trade Agreement?
When tariffs raise the cost of everyday goods, they can spark a general rise in prices across the economy, known as this.
What is inflation?