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Assessing the Economic Impact of Trump-Era Tariffs: Sectoral Effects and Future Outlook

nawaf sheikh
Research Contributor
April 13, 2025
53 min read

Sources & References

1
https://www.usitc.gov/press_room/news_release/2023/er0315_63679.htm
2
https://www.livemint.com/news/us-news/white-house-doubles-down-on-tariffs-says-they-were-a-massive-success-in-president-trump-s-first-term-11743618467499.html
3
https://www.americanprogress.org/article/what-will-trumps-tariffs-do-for-u-s-consumers-workers-and-businesses/
4
https://www.cfr.org/article/heres-how-countries-are-retaliating-against-trumps-tariffs
5
https://www.pymnts.com/economy/2025/from-cars-to-clothes-tariffs-cost-lower-income-consumers-1700-annually/
6
https://www.imf.org/en/Blogs/Articles/2019/05/23/blog-the-impact-of-us-china-trade-tensions
7
https://www.piie.com/blogs/realtime-economics/2022/fight-inflation-cutting-tariffs-china-only-start
8
https://www.bigfooty.com/forum/threads/47th-president-of-the-united-states-donald-trump-part-21-president-musk.1391469/page-252
9
https://www.cnbc.com/2020/01/02/trade-war-6-charts-comparing-us-china-economies-and-markets-in-2019.html
10
https://www.reuters.com/article/world/imf-cuts-world-economic-growth-forecasts-on-tariff-war-emerging-market-strains-idUSKCN1MJ072/
11
https://www.forbes.com/sites/sergeiklebnikov/2020/01/02/gdp-dropped-for-china-and-us-amid-trade-war-while-consumer-spending-remained-solid/
12
https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/
13
https://libertystreeteconomics.newyorkfed.org/2025/02/u-s-imports-from-china-have-fallen-by-less-than-u-s-data-indicate/
14
https://english.elpais.com/economy-and-business/2024-10-13/trade-wars-also-have-winners-vietnam-and-mexico.html
15
https://www.reuters.com/article/business/china-posts-weakest-growth-in-29-years-as-trade-war-bites-but-ends-2019-on-bett-idUSKBN1ZF2YQ/
16
https://www.piie.com/blogs/china-economic-watch/chinas-growth-slowing-not-because-trade-war
17
https://www.foodingredientsfirst.com/news/china-tariffs-us-retaliatory-agri-products.html
18
https://www.forbes.com/sites/kenroberts/2025/04/04/china-slaps-trump-us-with-34-tariffs-jets-cars-soybeans-lng-at-risk/
19
https://rhg.com/research/full-circle-mexicos-resurgence-amid-us-china-trade-frictions/
20
https://www.cnbc.com/2025/04/12/vietnam-reciprocal-tariffs-reflect-trade-deficit-and-ties-to-china.html
21
https://www.mufgresearch.com/fx/vietnam-reasons-to-remain-optimistic-while-factoring-in-trump-20-tariff-risks-13-january-2025/
22
https://www.imf.org/en/Blogs/Articles/2023/08/28/the-high-cost-of-global-economic-fragmentation
23
https://www.cnbc.com/2025/04/11/how-chinas-exporters-are-scrambling-to-mitigate-the-impact-of-punishing-us-tariffs-.html
24
https://www.cnbc.com/2025/04/12/trump-tariffs-on-china-mean-irreversible-damage-for-most-businesses.html
25
https://www.project-syndicate.org/commentary/china-must-boost-economic-growth-foster-open-trade-in-response-to-trump-tariffs-by-huang-yiping-2025-04
26
https://www.trustintelligence.co.uk/investor/articles/strategy-investor-five-questions-about-chinese-markets-retail-apr-2025
27
https://www.linkedin.com/pulse/dragon-tollbooth-chinas-possible-response-us-tariffs-rajat-samal-scb7f

About the Author

nawaf sheikh

nawafsheikh10@gmail.com

Research contributor sharing insights from AI conversations to advance human knowledge and understanding.