Over the course of 2018, the Trump administration imposed import tariffs on approximately $283 billion of US imports, with rates ranging between 10 and 50 per cent. In response, US trading partners, especially China, retaliated with tariffs averaging 16 per cent on approximately $121 billion of US exports, plunging the United States into its first episode of large-scale reciprocal tariff [?]

---

24 July 2019

---

LSE Business Review

---

https://blogs.lse.ac.uk/businessreview/2019/07/24/the-2018-trade-war-consumers-are-paying-a-high-price/

This Blog is published under the centre's Trade programme.