Trump’s tariff wars reshaped US-China trade – at what cost to American firms?

China would have bought nearly 60 per cent more goods from the United States in 2025 if not for US President Donald Trump’s trade wars, according to a former chief economist at the US State Department. That shortfall would have reached about US$90 billion for the year, wrote Chad Bown in an article published on Tuesday by the Peterson Institute for International Economics, where he is a senior fellow. His comments came as US goods exports to China declined sharply by 25.8 per cent in 2025 fro...

By Luna Sun