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Did Importers Try to Front-Run Recent Tariffs on China?

Thomas Cook and Mariia Dzholos

Economic Bulletin, 2025, 4

Abstract: Because tariffs are a tax on foreign goods, tariffs are thought to reduce imports. However, imports may actually increase after a tariff is announced if importers can stock inventories ahead of the tariff’s implementation. We find that after the announcement of additional tariffs on China in May 2024, imports from China increased by 15 percent for EV batteries, which are difficult to substitute.

Keywords: importers; tariffs; international trade (search for similar items in EconPapers)
Date: 2025
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