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China was the single largest source of U.S. tariff revenue in 2024, driven by large import volumes and high, trade-weighted tariff rates applied to Chinese goods (sources estimating China’s share and ...
Retaliatory tariffs imposed by U.S. trading partners shifted a large share of the tariff burden onto U.S. exporters and downstream users rather than evenly distributing costs across the economy: agric...
USMCA produced measurable but modest gains for the U.S. economy—small upticks in output, a fractional rise in average real wages (about 0.27 percent, roughly $150 per worker per year), and limited job...
Recent US‑Canada dairy disputes have produced mixed, concrete effects: USMCA expanded U.S. access to Canadian dairy markets (about 3.5% of Canada’s market), but contested Canadian administration of ta...
The U.S. Treasury records tariff (customs duties) collections first as cash receipts collected by U.S. Customs and Border Protection and reports them in preliminary form on Daily and Monthly Treasury ...
Changes in effective tariff rates in 2025 drove large, observable increases in customs revenue: Penn Wharton estimates tariff changes raised $101.2 billion between January and August 2025 , Yale’s Bud...
The recent wave of U.S. tariffs — including Section 301 (targeted trade remedies), Section 232 (national security) and traditional antidumping duties — has sharply increased customs revenue: analysts ...
National bans or restrictions on iPhones have happened in different forms — China-era workplace restrictions in 2023 that rattled markets and more recent U.S. trade-litigation actions in 2025 that cou...
Customs duties (tariffs and related import fees) rose sharply after 2018 and totaled roughly $80 billion in 2023, with customs receipts reaching $77.0 billion in FY2024 according to national compilati...
Determining an accurate tariff rate requires knowing the product’s correct Harmonized System (HS/HTS) classification, checking authoritative tariff databases for the relevant jurisdiction, and factori...
The evidence shows there is no single “current US tariff” rate; , and recent analyses report markedly different aggregate measures — from an 18.0% effective rate reported in mid‑October 2025 to lower ...