Cost of Trump’s China tariffs
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President Trump slapped tariffs on Chinese imports in 2018 in a bid to cut the U.S. trade deficit. In the same year, Chinese exports to the U.S. soared by $34.5 billion, while U.S. exports to China fell by $9.7bn
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U.S. trade in goods with China ($ billions)  U.S. exports U.S. imports

2016 115.59 462.42 Deficit: 346.83
2017 129.80 505.22 375.42
2018 120.15 539.68 419.53
2019 70.16  301.74 231.58 (Jan-Aug)
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Aug 2017-Jan 2018: Section 232 and Section 301 reports from Department of Commerce and U.S. Trade Representative assert China’s imports threaten national security and are “unfair.” President Trump imposes tariffs on Chinese imports
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Date tariffs    Categories,     Value of    Added cost to 
applied         tariff rate     imports     U.S. importers
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Section 232      Steel 25%,      $15.5bn      $3.9bn 
Mar 2018        aluminium 10%     $9.8bn      $1.0bn
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Section 301       Machinery, 
List 1        electrical goods,    $34bn      $8.5bn
Jun 2018         vehicles 25%
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List 2       Polymers, plastics,   $16bn      $4.0bn 
Aug 2018       generators 25%
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List 3        Chemicals, metal 
Sep 2018     products, food 10%,   $200bn     $50bn
*May 2019     *increased to 25%
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List 4A    Food, metal products,   $112bn     $16.8bn
Sep 2019        clothing 15%
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List 4B       Domestic goods,      $160bn     $24bn
Dec 2019      electronics 15%
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              Totals              $547.3bn   $108.2bn
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Sources: U.S. Trade Representative, American Action Forum Picture: AP
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