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

South China Morning PostEN 1 min read 100% complete by Luna SunMarch 3, 2026 at 11:00 AM
Trump’s tariff wars reshaped US-China trade – at what cost to American firms?
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A new analysis indicates that former President Trump's trade war with China significantly reduced US exports to China. According to the Peterson Institute for International Economics, US goods exports to China declined sharply, by 25.8 percent in 2025, and would have been nearly 60 percent higher without the tariffs. China retaliated with matching tariff increases each time the US raised tariffs, accelerating the US export decline. While US shipments to China have fallen, China's global exports have surged, culminating in a record US$1.19 trillion surplus in 2025. The trade imbalance has strained relations with major European economies, who are increasingly echoing US complaints about China's economic policies.

Key Entities & Roles

Key Player Opposition Context
Brussels 40% European Union 50% Peterson Institute for International Economics 60% US State Department 60% Chad Bown 70% Trade War ×285% United States ×490% Donald Trump ×290% China ×695%

Keywords

trade wars 80% tariffs 70% us-china trade 60% china surplus 50% export decline 50% tariff increases 40% trade tensions 40%

Sentiment Analysis

Negative
Score: -0.30

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Source
South China Morning Post
Classification Confidence
90%

This article was automatically classified using rule-based analysis.

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