Trump's tariffs on China risk hurting US economy more than data suggests

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Trump's tariffs on China risk hurting US economy more than data suggests - Business Standard

Quick Summary:

That threshold was increased to $800 from $200 in 2016, contributing to “explosive growth” in those orders that likely accounts for a large portion of the discrepancy between US and Chinese statistics, according to Clark.

He also announced, and then delayed, a plan to end tariff exemptions for “de minimis” merchandise from China and Hong Kong valued below $800.

They show “exports as a share of the US import market have only declined by 2.5 percentage points, less than one-third of the decline shown in the US data,” according to the blog post.