Trump’s tariff wars reshaped US-China trade – at what cost to American firms?

2026-03-03 - 10:06

China would have bought nearly 60 per cent more goods from the United States in 2025 if not for US President Donald Trump’s trade wars, according to a former chief economist at the US State Department. That shortfall would have reached about US$90 billion for the year, wrote Chad Bown in an article published on Tuesday by the Peterson Institute for International Economics, where he is a senior fellow. His comments came as US goods exports to China declined sharply by 25.8 per cent in 2025 from a...