The Full Impact of Tariffs on Trade Volumes is Yet to Come
The back-and-forth incremental increases in US import tariffs and retaliations against US exports continued through July and into August. Despite the stay in new US – European tariffs, the US has continued to expand the overall scope of import impediments, especially focused on China. The earlier tariffs on $34 billion in US imports from China took effect July 6th. Additional US tariffs threatened against China are now up to the $500 billion level. China’s retaliation again