彼得森国际经济研究所

President Donald Trump’s tariffs are raising government revenues, but how much is the US Treasury actually collecting from US importers after the starts, stops, delays, exclusions, and other factors? And what products and countries are hit? This monthly tracker measures tariff revenues in practice over time.

any experts see China’s economy as constrained because of a weak social safety net, especially the retirement system, resulting in anemic domestic consumption spending. This view is out of date. Recent data indicate that China has expanded many parts of its social safety net and that consumption spending has accelerated. Social expenditures in China have more than doubled as a share of GDP since 2010 and are on par with Mexico and Turkey.

Since February 2025, the United States has undertaken a rolling process of resetting tariffs, driving them up to the highest levels since the 1930s. In this blog, we project the impacts of the US tariffs in effect as of September 11, 2025. We find that, if left in place over the coming decade, these tariffs would result in less US economic output, higher US prices, and lower American wages than if they had not been adopted.US employment, measured

President Donald Trump promised during his recent campaign to impose steep tariffs on other countries, assuring voters that the cost would be paid by foreign sellers, not Americans. In September 2024, for example, Trump told supporters:“We’re going to be a tariff nation. It’s not going to be a cost to you. It’s going to be a cost to another country…. I heard Kamala the other day, Comrade Kamala. She said, 'Oh, if you do that, he’s r