Factors Affecting Recent U.S. Tariffs on Imports from China
Kathryn Langemeier and
Justin Pierce ()
No 2021-02-17, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)
The period from January 2018 to September 2019 saw an unprecedented increase in tariffs placed on U.S. imports, especially on those originating in China. We document the extent to which tariff exclusions and other factors lowered the average effective tariff on Chinese goods. Given that the large majority of tariff exclusions expired on December 31, 2020, our analysis also indicates that U.S. effective tariffs on Chinese goods increased notably at the start of 2021.
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