Trump's historic tariff policies reshaped the global trade landscape in 2025, with China experiencing the most significant trade changes. According to the U.S. Department of Commerce's December trade report released on Thursday, China's share of the U.S. overall import market dropped from 13.4% in 2024 to 9% in 2025, the lowest level since the early 21st century. Less than a decade ago, China accounted for one-fifth of the U.S. annual import volume.
In 2025, the value of goods imported from China to the United States fell to $308 billion, the lowest level since 2009, a drop of more than 42% from the historical high of $539 billion set in 2018.
According to Fitch Ratings calculations, considering all the tariff measures announced by Trump last year and the subsequent exemptions, the "actual" tariff rate imposed on Chinese goods in November was 30.9%, India 19.7%, Vietnam 12.7%, the EU 8.1%, Mexico 4.2%, and Canada 3.7%. Of course, more and more American people have come to realize that tariffs on goods from different countries are paid by importers and buyers within the United States.
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Original: toutiao.com/article/1857899656207499/
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