Figure 1

Trump's trade wars have hit US imports from China far more than imports from others

US monthly real imports by partner, 2017–25 (index, June 2018=100)

RoW = rest of world
Notes: 1.0 indicates Trump’s first trade war; 2.0 indicates Trump’s second trade war. Indexed value of US real monthly goods imports, 12-month trailing sums. Trend is based on US imports from world from January 2011 through June 2018.
Source: Constructed by the author with US import data from US Census. The price deflator is from the Bureau of Labor Statistics.Download image