A recent article suggests that while the tariffs may have decreased Chinese imports to the United States, Chinese imports also increased in other major U.S. trading partners.

Fact of the Week: China’s Share of US Goods Imports Has Fallen by 8 Percentage Points Since the 2018–2019 Tariff Hikes

Fact of the Week: China's Share of US Goods Imports Has Fallen by 8 Percentage Points Since the 2018–2019 Tariff Hikes

The ICE U.S. Dollar Index, which measures the value of the dollar against a basket of other global currencies, increased 19.6 percent over the last 12 months and is at its highest level since May 2002. 

Fact of the Week: The US Dollar Is Up Almost 20% Relative to Other Major Currencies Over the Last Year

The fall in the value-added of foreign inputs as a share of China’s gross exports reflects an increased reliance on domestic production of intermediate goods and services and a shift toward production for domestic consumption.

Fact of the Week: Foreign-Produced Content of Chinese Exports Fell From 21.9 Percent in 2008 to 17.2 Percent in 2018

In the World Trade Organization’s (WTO) “Global Trade Outlook and Statistics Report for 2025,” the WTO predicts that global merchandise trade will decline by 0.2 percentage points.

Fact of the Week: World Merchandise Trade Is Projected To Fall by 0.2 Percent in 2025

A major study from 2016 that found that Chinese imports increased European patent growth up to 30 percent between 1996-2005 had major coding flaws. The correct data show negative & insignificant changes due to Chinese competition.

Fact of the Week: A Major Study that Found that Chinese Imports Increased European Patent Growth Up to 30 Percent Between 1996-2005 Had Major Flaws, Reversing the Result

Economic espionage represents a significant threat to the technological advantage of innovative companies, especially in high-tech sectors, where trade secrets are often worth billions of dollars. According to the Justice Department, China is by far the largest source of economic espionage, much of which is government-backed.

Fact of the Week: More Than 90 Percent of US Economic Espionage Prosecutions Involve China

Until the last decade, major nations primarily provided financing to domestic exporters only as a lender of last resort. Since then, official medium- and long-term export crediting has more than doubled from $55 billion in 2008 to $129 billion in 2018.

Fact of the Week: The Chinese Government Provided Approximately $132 Billion in Export Financing in 2018

In 2023, the United States invested about $175 billion in research conducted at government institutions and universities. That same year, the EU invested about $180 billion, and China about $200 billion.

Fact of the Week: China and the EU Invest More in Research at Government Institutions and Universities Than the US

After falling from its peak of 5.7 percent in 2006 to 3.6 percent in 2019, the United States’ manufacturing trade deficit as a share of its GDP has risen to 5.3 percent in 2022 through June, its highest level since 2008 (5.5 percent).

Fact of the Week: Chinese Currency Manipulation May Be Driving the Trade Surplus Between China and Europe

Related

Fact of the Week: China’s Share of US Goods Imports Has Fallen by 8 Percentage Points Since the 2018–2019 Tariff Hikes

Fact of the Week: The US Dollar Is Up Almost 20% Relative to Other Major Currencies Over the Last Year

Fact of the Week: Foreign-Produced Content of Chinese Exports Fell From 21.9 Percent in 2008 to 17.2 Percent in 2018