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The Global Tariff War of 2025-2026 – MASEconomics
The Global Tariff War of 2025-2026 Published: April 2, 2026 by Majid Ali Sanghro · 9 min read Key takeaways The global tariff war of 2025-2026 raised the US average effective tariff rate from 2.4% in 2024 to 10.3% in January 2026, the highest since 1947, and set off retaliation, trade diversion and a legal fight over who may impose tariffs.
The costs of the Trump administration’s tariffs diverge for countries ...
U.S. trade policy is likely to continue to burden the U.S. economy through direct costs in the form of tariffed inputs and other restrictions, as well as through heightened uncertainty as the administration seeks new tariff authorities.
Tracking the Impact of the Trump Tariffs & Trade War
Explore the impact of the Trump tariffs and trade war on the US economy, government revenue, and taxpayers. Launch our Tariff Tracker.
UPDATE: Families to Pay $2,500+ in Tariff Costs This Year
The Committee estimated that if tariff revenue stays at the level recorded in January 2026 for the rest of the year, American families will pay more than $330 billion in tariff costs in 2026, an average of more than $2,500 in tariff costs per family.
US China Trade War 2026: Tariffs, Truce and New Landscape Analysis
To understand the 2026 landscape, one must look past the political rhetoric and examine the hard numbers that now govern trans-Pacific trade. The current period is defined by a specific set of compromises and rigidities that leave businesses in a precarious position.
KPMG 2026 Tariff Survey
One year after the imposition of significant U.S. tariffs reshaped global trade, new KPMG research finds U.S. businesses adjusting to a more complex, higher cost operating environment. Results from the KPMG 2026 Tariff Survey — building on prior survey waves from May and September 2025 — show persistent margin pressure, continued reliance on price increases, and a gradual shift from tariff ...
Measuring the Costs of the U.S.–China Trade War of 2022–2025
We measure the stock-market impact of the conflict on firms subject to U.S. export controls using the first principal component of cumulative abnormal returns for affected firms.
The Great Trump Tariff Gamble: Winners, Losers, and the Real Cost of ...
The Great Trump Tariff Gamble: Winners, Losers, and the Real Cost of Trade War From Donald Trump’s sweeping “Liberation Day” tariffs to high-stakes bargains with India, China and Europe, this analysis reveals the real winners, reluctant deal-makers and the Americans footing the bill.
The Real Cost of the U.S.-Canada Trade Breakdown
Canada is the first U.S. ally to absorb tariff pain rather than settle. CFR’s Brad W. Setser explains what the breakdown costs both economies—and why other countries are likely watching the...
Measuring the Costs of the U.S.-China Trade War of 2022-2025
Explore the economic impact of the U.S.-China trade war from 2022–2025. This analysis measures valuation losses for affected U.S. firms and examines market trends through the October 2025 resolution.
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