Trump's Reciprocal Tariffs Can Hit Asia Hard
The post highlights how Trump’s reciprocal tariffs could severely impact Asia and other largest US trading partners globally.| Economics Insider
The Department of Commerce released the report, U.S. Goods Trade: Imports & Exports by Related-Parties 2024. In 2024, the Nation’s international related-party trade accounted for 44.0 percent ($2,338.0 billion) of total goods trade ($5,312.9 billion). Related-party total goods trade is based on imports for consumption and total exports. (July 3, 2025)| www.census.gov
The post highlights how Trump’s reciprocal tariffs could severely impact Asia and other largest US trading partners globally.| Economics Insider
Explore the projected impact of a 10% U.S. Tariff Hike on China and the U.S. Both nations will suffer from inflation due to tariffs.| Economics Insider
Explore the potential consequences of how a 10% tariff on China could slow economic growth for both the U.S. and China.| Economics Insider
Explore the U.S. trade deficit with major Asian economies in 2024. The US faced the largest deficit with China in Asia.| Economics Insider
Explore the massive $1.6 trillion U.S. trade deficit with China from 2020 to 2024. Unfold the key factors driving this trade imbalance.| Economics Insider
