DeepSite - 🧬 RemixAnalysis of tariffs imposed 2017-2020 and their economic impact
Total Tariffs Imposed
Peak annual value of targeted goods
Main Target
250% of affected trade value
U.S. Jobs Affected
Net effect estimates vary widely
Trade Deficit
Change 2016-2019
Primary Objectives:
National security tariffs on steel (25%) and aluminum (10%) from most countries
Tariffs up to 25% targeting Chinese intellectual property practices (2018)
U.S. Exports to China
-11%
2018-2019
Chinese Investment
-88%
2016-2020
Chinese retaliatory tariffs hit soybean exports hardest
Capacity increase but employment grew only 1.3%
Estimated annual increase due to tariffs
Growth 2016-2019 vs 6.4% in previous 3 years
Semiconductors, telecom equipment
Aimed at China's "Made in China 2025" plan, targeting industries where China subsidizes domestic champions.
Steel, aluminum, chemicals
National security justification, aimed at protecting critical defense-related industries.
Apparel, furniture, electronics
Later rounds targeted everyday products to maximize political pressure on Chinese leadership.
30% tariffs on solar panels (mostly from China)
"They've taken advantage of us for many years" - Trump
25% on steel and 10% on aluminum from most countries
"We must protect our national security" - Commerce Secretary Ross
$34B then $16B in Chinese goods taxed at 25% for IP violations
China immediately retaliated with equivalent tariffs
10% tariffs on $200B more Chinese imports (later raised to 25%)
Targeted intermediate goods and consumer products
Partial deals paused escalation but most tariffs remained
China agreed to purchase $200B in additional U.S. exports
Sources: U.S. Trade Representative, U.S. Census Bureau, Peterson Institute for International Economics, Congressional Research Service