US exporters lost tens of billions of US dollars in sales to China in 2025, economist says
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.
“Each time Trump raised tariffs – by 145 percentage points in early 2025, as well as during his first trade war of 2018–19 – China retaliated with matching tariff increases, accelerating the US export decline,” he wrote.
