• Monitoring the Effects of U.S.Tariffs and Retaliatory Measures on the Economy

    Monitoring the Effects of U.S.Tariffs and Retaliatory Measures on the Economy

    A total of $80 billion in additional taxes were levied by the Trump administration in numerous rounds of tariffs on $380 billion worth of goods (based on 2018 values), including solar panels, washing machines, and thousands of products from China. Other nations retaliated by introducing their own retaliatory levies. Except for limited exemptions or modifications to some steel and aluminum tariffs, as well as washing machine and solar panel levies, the Biden administration has mostly kept the tariffs in place.