How do trade tariffs affect global value chains?

This site contains the complete text of the General Agreement on Tariffs Trade (GATT 1947) together with all the amendments which became effective since its ... Apr 3, 2025 ... What is a tariff? Tariffs are border taxes charged on the import of goods from foreign countries. Importers pay them upon entry to the customs ... Jul 1, 2024 ... The downward trend in tariff rates continued until 2018, when the Trump administration raised tariffs on several products, especially those ... Mar 13, 2025 ... Tariffs are combined with a trade and industrial policy, which includes the continuation of the bipartisan infrastructure law and the Inflation ... 4 hours ago ... President Trump has defended the 145% tariffs on Chinese imports, claiming China "deserves it" and would likely absorb the costs. But those ... His comments contrast with quieter moves inside the administration to consider phased tariff reductions and revive trade talks with Beijing—though no formal ... Oct 15, 2024 ... A repeated tariff-based approach to addressing trade with China places a target on both US soybeans and corn. Farmers and rural economies pay the price as a ... May 23, 2019 ... US-China trade tensions have negatively affected consumers as well as many producers in both countries. The tariffs have reduced trade between the US and China. When varieties of a good are exported from countries with heterogeneous export supply elasticities, we demonstrate that the optimal non-cooperative tariff ... Apr 4, 2025 ... China's finance ministry said on Friday a 34% tariff will be imposed on all U.S. imports from April 10, mirroring President Trump's levy on ...