Average US tariffs on China: 47.5%
Average Chinese tariffs on US: 31.9%
Average US tariffs on the rest of the world: 18.4%
Average Chinese tariffs on the rest of the world: 6.5%
#PIIECharts
Average Chinese tariffs on US: 31.9%
Average US tariffs on the rest of the world: 18.4%
Average Chinese tariffs on the rest of the world: 6.5%
#PIIECharts
December 24, 2025 at 4:29 PM
Average US tariffs on China: 47.5%
Average Chinese tariffs on US: 31.9%
Average US tariffs on the rest of the world: 18.4%
Average Chinese tariffs on the rest of the world: 6.5%
#PIIECharts
Average Chinese tariffs on US: 31.9%
Average US tariffs on the rest of the world: 18.4%
Average Chinese tariffs on the rest of the world: 6.5%
#PIIECharts
UPDATED: As of September 2025, tariff revenues since January 2025 totaled $179 billion, contributing just 9.6% of the projected federal budget deficit.
Learn more: www.piie.com/research/pii...
Learn more: www.piie.com/research/pii...
December 15, 2025 at 5:38 PM
UPDATED: As of September 2025, tariff revenues since January 2025 totaled $179 billion, contributing just 9.6% of the projected federal budget deficit.
Learn more: www.piie.com/research/pii...
Learn more: www.piie.com/research/pii...
UPDATED: Through August 2025, tariff revenues since January 2025 totaled $149 billion, contributing just 8% of the projected 2025 federal deficit.
Learn more from our tariff revenue tracker here: www.piie.com/research/pii...
Learn more from our tariff revenue tracker here: www.piie.com/research/pii...
December 1, 2025 at 10:26 PM
UPDATED: Through August 2025, tariff revenues since January 2025 totaled $149 billion, contributing just 8% of the projected 2025 federal deficit.
Learn more from our tariff revenue tracker here: www.piie.com/research/pii...
Learn more from our tariff revenue tracker here: www.piie.com/research/pii...
Total real US goods imports from the world sharply increased in early 2025, likely due largely to importers frontloading goods before tariffs took effect. By July 2025, as tariffs were enforced, cumulative US real goods imports were ~10% above January-July 2024 level. #PIIECharts
October 30, 2025 at 4:13 PM
Total real US goods imports from the world sharply increased in early 2025, likely due largely to importers frontloading goods before tariffs took effect. By July 2025, as tariffs were enforced, cumulative US real goods imports were ~10% above January-July 2024 level. #PIIECharts
As Trump kicked off his trade war this year, some economists predicted a drop in US goods imports. The US did import less from some, notably China, but imported more from others, such as the EU & Mexico, in January-July 2025, compared with the same period last year. #PIIECharts
October 29, 2025 at 8:34 PM
As Trump kicked off his trade war this year, some economists predicted a drop in US goods imports. The US did import less from some, notably China, but imported more from others, such as the EU & Mexico, in January-July 2025, compared with the same period last year. #PIIECharts
Our Fall 2025 Global Economic Prospects shows that real global GDP is projected to rise 3.1% in 2025 & 2.9% in 2026. #PIIECharts
October 14, 2025 at 3:25 PM
Our Fall 2025 Global Economic Prospects shows that real global GDP is projected to rise 3.1% in 2025 & 2.9% in 2026. #PIIECharts
Trump succeeding in pressing the Fed to lower rates further than it would otherwise would slow US growth through most of the 2030s, & boost inflation through 2040. #PIIECharts
More: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
More: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
September 28, 2025 at 4:49 PM
Trump succeeding in pressing the Fed to lower rates further than it would otherwise would slow US growth through most of the 2030s, & boost inflation through 2040. #PIIECharts
More: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
More: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
If Trump succeeds in pressing the Fed to cut rates more than it would otherwise, the US would see slower growth through most of the 2030s & higher inflation through 2040. #PIIECharts
Read: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
Read: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
September 26, 2025 at 2:40 PM
If Trump succeeds in pressing the Fed to cut rates more than it would otherwise, the US would see slower growth through most of the 2030s & higher inflation through 2040. #PIIECharts
Read: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
Read: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
If Trump succeeds in pressing the Fed to cut rates more than it would otherwise, the US would see slower growth through most of the 2030s & higher inflation through 2040. #PIIECharts
Read: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
Read: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
September 24, 2025 at 8:40 PM
If Trump succeeds in pressing the Fed to cut rates more than it would otherwise, the US would see slower growth through most of the 2030s & higher inflation through 2040. #PIIECharts
Read: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
Read: https://www.piie.com/research/piie-charts/2025/erosion-fed-independence-would-slow-us-economic-growth-and-boost
Job growth in industries more reliant on unauthorized immigrants has been flat this year. These industries include construction, hotels, restaurants, home health care, & several other industries in manufacturing, technology, & services. #PIIECharts
September 12, 2025 at 1:20 PM
Job growth in industries more reliant on unauthorized immigrants has been flat this year. These industries include construction, hotels, restaurants, home health care, & several other industries in manufacturing, technology, & services. #PIIECharts
Job growth in industries more reliant on unauthorized immigrants has been flat this year. These industries include construction, hotels, restaurants, home health care, & several other industries in manufacturing, technology, & services. #PIIECharts
September 10, 2025 at 5:34 PM
Job growth in industries more reliant on unauthorized immigrants has been flat this year. These industries include construction, hotels, restaurants, home health care, & several other industries in manufacturing, technology, & services. #PIIECharts
The "reciprocal tariff" calculation ignores how global value chains work, penalizing countries that use more intermediate inputs from other countries in their exported products. #PIIECharts
Learn more: www.piie.com/research/pii...
Learn more: www.piie.com/research/pii...
September 9, 2025 at 6:59 PM
The "reciprocal tariff" calculation ignores how global value chains work, penalizing countries that use more intermediate inputs from other countries in their exported products. #PIIECharts
Learn more: www.piie.com/research/pii...
Learn more: www.piie.com/research/pii...
NEW: Job growth in industries more reliant on unauthorized immigrants has been flat this year. These industries include construction, hotels, restaurants, home health care, & several other industries in manufacturing, technology, & services. #PIIECharts
September 9, 2025 at 1:39 PM
NEW: Job growth in industries more reliant on unauthorized immigrants has been flat this year. These industries include construction, hotels, restaurants, home health care, & several other industries in manufacturing, technology, & services. #PIIECharts
UPDATED: As of July 2025, tariff revenues since January 2025 totaled $122 billion, contributing just 6.5% of the projected deficit. #PIIECharts
September 9, 2025 at 1:19 PM
UPDATED: As of July 2025, tariff revenues since January 2025 totaled $122 billion, contributing just 6.5% of the projected deficit. #PIIECharts
Can Trump's tariff revenues help pay for the federal budget deficit?
Cumulative tariff revenue, Jan–Jun 2025
$93,926,257,484
Federal budget deficit in fiscal year 2025
$1,865,000,000,000
#PIIECharts
5%
Cumulative tariff revenue, Jan–Jun 2025
$93,926,257,484
Federal budget deficit in fiscal year 2025
$1,865,000,000,000
#PIIECharts
5%
August 13, 2025 at 4:01 PM
Can Trump's tariff revenues help pay for the federal budget deficit?
Cumulative tariff revenue, Jan–Jun 2025
$93,926,257,484
Federal budget deficit in fiscal year 2025
$1,865,000,000,000
#PIIECharts
5%
Cumulative tariff revenue, Jan–Jun 2025
$93,926,257,484
Federal budget deficit in fiscal year 2025
$1,865,000,000,000
#PIIECharts
5%
The private sector’s share of the top 100 listed Chinese companies by market value continued to rise in the first half of 2025, reaching 37.2% by end of June, up from 33.1% a year ago. #PIIECharts
Learn more: www.piie.com/research/pii...
Learn more: www.piie.com/research/pii...
July 21, 2025 at 3:45 PM
The private sector’s share of the top 100 listed Chinese companies by market value continued to rise in the first half of 2025, reaching 37.2% by end of June, up from 33.1% a year ago. #PIIECharts
Learn more: www.piie.com/research/pii...
Learn more: www.piie.com/research/pii...
After 3 years of losses, the Fed projects that it will return to profitability in 2026. The rebound reflects the slow runoff of low-yielding assets & the expected stabilization of short-term interest rates after the rapid increases of 2022–23. #PIIECharts
Learn more: www.piie.com/research/pii...
Learn more: www.piie.com/research/pii...
June 18, 2025 at 1:57 PM
After 3 years of losses, the Fed projects that it will return to profitability in 2026. The rebound reflects the slow runoff of low-yielding assets & the expected stabilization of short-term interest rates after the rapid increases of 2022–23. #PIIECharts
Learn more: www.piie.com/research/pii...
Learn more: www.piie.com/research/pii...
On average, US tariffs on China are now 51.1%. Average Chinese tariffs on the US are now 32.6%. #PIIECharts
May 20, 2025 at 6:18 PM
On average, US tariffs on China are now 51.1%. Average Chinese tariffs on the US are now 32.6%. #PIIECharts
Net revenue gains from tariffs aren't import value multiplied by tariff rate. Tariffs change consumer & company behavior, resulting in less income & corporate tax revenue.
Over 10 years, net revenue from a 10% baseline tariff, + retaliation, would be ~$1.6 trillion. #PIIECharts
Over 10 years, net revenue from a 10% baseline tariff, + retaliation, would be ~$1.6 trillion. #PIIECharts
May 9, 2025 at 7:06 PM
Net revenue gains from tariffs aren't import value multiplied by tariff rate. Tariffs change consumer & company behavior, resulting in less income & corporate tax revenue.
Over 10 years, net revenue from a 10% baseline tariff, + retaliation, would be ~$1.6 trillion. #PIIECharts
Over 10 years, net revenue from a 10% baseline tariff, + retaliation, would be ~$1.6 trillion. #PIIECharts
NEW: Higher tariff rates generally produce more tariff revenue. But they also reduce other tax revenue from companies & households by hurting economic growth.
With retaliation, a 20 percentage point tariff rate increase yields a smaller gain than a 15pp increase. #PIIECharts
With retaliation, a 20 percentage point tariff rate increase yields a smaller gain than a 15pp increase. #PIIECharts
April 28, 2025 at 2:37 PM
NEW: Higher tariff rates generally produce more tariff revenue. But they also reduce other tax revenue from companies & households by hurting economic growth.
With retaliation, a 20 percentage point tariff rate increase yields a smaller gain than a 15pp increase. #PIIECharts
With retaliation, a 20 percentage point tariff rate increase yields a smaller gain than a 15pp increase. #PIIECharts
The US economy will slow sharply in 2025; tariffs & other US policy shifts dampen activity & fuel global uncertainty. Tariffs are raising prices, disrupting supply chains, eroding real incomes, & making it harder for businesses to plan. #PIIECharts
April 23, 2025 at 2:28 PM
The US economy will slow sharply in 2025; tariffs & other US policy shifts dampen activity & fuel global uncertainty. Tariffs are raising prices, disrupting supply chains, eroding real incomes, & making it harder for businesses to plan. #PIIECharts
Americans’ short-term inflation expectations have risen sharply thus far this year, a trend that if continued could make Federal Reserve officials more cautious about cutting interest rates this year. #PIIECharts
Read more: www.piie.com/research/pii...
Read more: www.piie.com/research/pii...
April 22, 2025 at 8:17 PM
Americans’ short-term inflation expectations have risen sharply thus far this year, a trend that if continued could make Federal Reserve officials more cautious about cutting interest rates this year. #PIIECharts
Read more: www.piie.com/research/pii...
Read more: www.piie.com/research/pii...
The US economy will slow sharply this year; tariffs & other US policy shifts dampen activity & fuel global uncertainty. Tariffs are raising prices, disrupting supply chains, & eroding real incomes. Frequent tariff changes make it hard for businesses to plan & invest. #PIIECharts
April 16, 2025 at 2:23 PM
The US economy will slow sharply this year; tariffs & other US policy shifts dampen activity & fuel global uncertainty. Tariffs are raising prices, disrupting supply chains, & eroding real incomes. Frequent tariff changes make it hard for businesses to plan & invest. #PIIECharts
US tariffs on exports from China are around 42%.
US tariffs on exports from the rest of the world are almost 4%.
Check out our US-China Trade War #PIIECharts on where tariffs are right now that will be up-to-date for the next *checks notes* few hours: www.piie.com/research/pii...
US tariffs on exports from the rest of the world are almost 4%.
Check out our US-China Trade War #PIIECharts on where tariffs are right now that will be up-to-date for the next *checks notes* few hours: www.piie.com/research/pii...
April 2, 2025 at 4:28 PM
US tariffs on exports from China are around 42%.
US tariffs on exports from the rest of the world are almost 4%.
Check out our US-China Trade War #PIIECharts on where tariffs are right now that will be up-to-date for the next *checks notes* few hours: www.piie.com/research/pii...
US tariffs on exports from the rest of the world are almost 4%.
Check out our US-China Trade War #PIIECharts on where tariffs are right now that will be up-to-date for the next *checks notes* few hours: www.piie.com/research/pii...